Question

Manhattan Enterprises manufactures cookware sets and sells the sets to department stores. Manhattan expects to sell 2,400 cookware sets for $200 each in April and 3,500 cookware sets for $215 each in May. Sales are 15% cash and 85% on account. Compute the total budgeted sales for May. Group of answer choices

Answer 1

Answer:

Budgeted sales ($)= $752,500

Explanation:

Giving the following information:

Manhattan expects to sell 2,400 cookware sets for $200 each in April and 3,500 cookware sets for $215 each in May.

To calculate the budgeted sales, we need to use the following formula:

Budgeted sales ($)= number of units sold*selling price per unit

Budgeted sales ($)= 3,500*215= $752,500