Prepare Sales Budget for the year 2021 from the following particulars. A company manufactures two...

50.1K

Verified Solution

Question

Accounting

Prepare Sales Budget for the year 2021 from the following particulars.

A company manufactures two articles X and Y. Sales for the year 2021 was planned as follows:

Product

1st Quarter

Units

2nd Quarter

Units

3rd Quarter

Units

4th Quarter

Units

Product X

1000

1500

1700

2000

Product Y

500

600

700

800

Selling price were OMR 10 per unit for Product X and OMR 5 per unit for Product Y. Average sales return to be @ 10% of sales and the discounts amount to 2% of the total sales

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students