Company manufactures luggage sets. sells its luggage sets to department stores. expects to sell luggage sets for each in and luggage sets for each in . All sales are cash only. Prepare the sales budget for January and February.

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22-07-2021
Business

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Company manufactures luggage sets. sells its luggage sets to department stores. expects to sell luggage sets for each in and luggage sets for each in . All sales are cash only. Prepare the sales budget for January and February.

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anthougo anthougo · Answer 1 · 2021-07-28T03:47:35+02:00

Complete Question:

Yem Company manufactures luggage sets. Yem sells its luggage sets to department stores. Yem expects to sell 1,600 luggage sets for $260 each in January and 1,700 luggage sets for $260 each in February. All sales are cash only. Prepare the sales budget for January and February

Answer:

Yem Company

Sales Budget

Two Months Ended January 31 and February 28

January February

Budgeted luggage sets to be sold 1,600 1,700

Sales price per set $260 $260

Total sales $416,000 $442,000

Explanation:

a) Data and Calculations:

Expected sales units in January = 1,600 luggage sets

Selling price for January sales = $260 each

Expected sale units in February = 1,700 luggage sets

Selling price for February sales = $260 each