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You are required to prepare the Sales & Production budgets for the 1st Quarter of 2022. Particulars Product Y Sales Quantity for 2021 (in Units):
You are required to prepare the Sales & Production budgets for the 1st Quarter of 2022.
| Particulars | Product Y |
| Sales Quantity for 2021 (in Units): January | 13,000 |
| February | 15,000 |
| March | 17,000 |
| December | 12,000 |
| Selling Price per unit ($) for 2021 | 14 |
| Targets for the first Quarter of 2022 | |
| Sales Quantity increase (%) | 8% |
| Sales Price increase (%) | 4% |
| Stock Position. December 31, 2021 | |
| Percentage Sales Quantity of March 2021 | 20% |
| Stock Position March 31, 2022 | 3,000 |
| Stock position, end January and February 2022 | |
| Percentage of previous month's sale quantity | 25% |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
