Question

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.

Answer 1

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

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