Question

Problem 1 16 points Total Prepare the Budgets given the following information Budgeted sales are expected to be: January 200 Units February 300 Units March 400 Units April 300 Units May 400 Units Selling Price $10 Per unit A. Prepare the sales Budget (5 points) Sales Budget January February March Quarter Budgeted sales in units 200 300 400 900 Times selling price per unit $10 $10 $10 $10 Budgeted sells in dollars $2,000 $3,000 $4,000 $9,000 B. Prepare the Production Budget (5 points)

Answer 1

Sales Budget for January, February and March

January February March

Budgeted Sales Units 200 300 400

Budgeted Selling Price $10 $10 $10

Budgeted Sales Revenue $2,000 $3,000 $4,000

Production Budget for January, February and March.

January February March

Budgeted Sales Units 200 300 400

Budgeted Production Units 200 300 400

Step-by-step explanation:

Sales Budget

This is the first budget that a company prepares from which all other budgets are created.

Production Budget

Since there are no closing or opening inventory targets, Budgeted Sales units equal budgeted production units.