Sales Budget Smart Strike Company manufactures and sells soccer balls for teams of children in...
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Accounting
Sales Budget
Smart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, Smart Strike expects to sell the following:
| Practice Balls | Match Balls | ||||||
| Units | Selling Price | Units | Selling Price | ||||
| January | 50,000 | $8.25 | 7,000 | $15.00 | |||
| February | 56,000 | $8.25 | 7,500 | $15.00 | |||
| March | 80,000 | $8.25 | 14,000 | $15.00 | |||
| April | 100,000 | $8.25 | 18,000 | $15.00 | |||
Required:
Question Content Area
1. Construct a sales budget for Smart Strike for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent.
| January | February | March | Quarter | |
|---|---|---|---|---|
| Practice ball: | ||||
| Units | fill in the blank ad55cb040ffcfca_1 | fill in the blank ad55cb040ffcfca_2 | fill in the blank ad55cb040ffcfca_3 | fill in the blank ad55cb040ffcfca_4 |
| Unit price | $fill in the blank ad55cb040ffcfca_5 | $fill in the blank ad55cb040ffcfca_6 | $fill in the blank ad55cb040ffcfca_7 | $fill in the blank ad55cb040ffcfca_8 |
| Sales | $fill in the blank ad55cb040ffcfca_9 | $fill in the blank ad55cb040ffcfca_10 | $fill in the blank ad55cb040ffcfca_11 | $fill in the blank ad55cb040ffcfca_12 |
| Match ball: | ||||
| Units | fill in the blank ad55cb040ffcfca_13 | fill in the blank ad55cb040ffcfca_14 | fill in the blank ad55cb040ffcfca_15 | fill in the blank ad55cb040ffcfca_16 |
| Unit price | $fill in the blank ad55cb040ffcfca_17 | $fill in the blank ad55cb040ffcfca_18 | $fill in the blank ad55cb040ffcfca_19 | $fill in the blank ad55cb040ffcfca_20 |
| Sales | $fill in the blank ad55cb040ffcfca_21 | $fill in the blank ad55cb040ffcfca_22 | $fill in the blank ad55cb040ffcfca_23 | $fill in the blank ad55cb040ffcfca_24 |
| Total sales | $fill in the blank ad55cb040ffcfca_25 | $fill in the blank ad55cb040ffcfca_26 | $fill in the blank ad55cb040ffcfca_27 | $fill in the blank ad55cb040ffcfca_28 |
Feedback Area
Feedback
The Sales Budget is the projection approved by the budget committee that describes expected sales for each product in units and dollars. The sales budget must be constructed first, before other budgets can be constructed.
Question Content Area
2. What if Smart Strike added a third linetournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $42 each in January and February, and $45 each in March? Prepare a sales budget for Smart Strike for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent.
| January | February | March | Quarter | |
|---|---|---|---|---|
| Practice ball: | ||||
| Units | fill in the blank 234fc200d072073_1 | fill in the blank 234fc200d072073_2 | fill in the blank 234fc200d072073_3 | fill in the blank 234fc200d072073_4 |
| Unit price | $fill in the blank 234fc200d072073_5 | $fill in the blank 234fc200d072073_6 | $fill in the blank 234fc200d072073_7 | $fill in the blank 234fc200d072073_8 |
| Sales | $fill in the blank 234fc200d072073_9 | $fill in the blank 234fc200d072073_10 | $fill in the blank 234fc200d072073_11 | $fill in the blank 234fc200d072073_12 |
| Match ball: | ||||
| Units | fill in the blank 234fc200d072073_13 | fill in the blank 234fc200d072073_14 | fill in the blank 234fc200d072073_15 | fill in the blank 234fc200d072073_16 |
| Unit price | $fill in the blank 234fc200d072073_17 | $fill in the blank 234fc200d072073_18 | $fill in the blank 234fc200d072073_19 | $fill in the blank 234fc200d072073_20 |
| Sales | $fill in the blank 234fc200d072073_21 | $fill in the blank 234fc200d072073_22 | $fill in the blank 234fc200d072073_23 | $fill in the blank 234fc200d072073_24 |
| Tournament ball: | ||||
| Units | fill in the blank 234fc200d072073_25 | fill in the blank 234fc200d072073_26 | fill in the blank 234fc200d072073_27 | fill in the blank 234fc200d072073_28 |
| Unit price | $fill in the blank 234fc200d072073_29 | $fill in the blank 234fc200d072073_30 | $fill in the blank 234fc200d072073_31 | $fill in the blank 234fc200d072073_32 |
| Sales | $fill in the blank 234fc200d072073_33 | $fill in the blank 234fc200d072073_34 | $fill in the blank 234fc200d072073_35 | $fill in the blank 234fc200d072073_36 |
| Total sales | $fill in the blank 234fc200d072073_37 | $fill in the blank 234fc200d072073_38 | $fill in the blank 234fc200d072073_39 | $fill in the blank 234fc200d072073_40 |
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