× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
pduvin pduvin
wrote...
Posts: 679
Rep: 0 0
6 years ago
Tripp Company sells three products with the following seasonal sales pattern:

   Products
   Quarter    X   Y   Z
   1   40%     30%   10%
   2   30%    20%   40%
   3   20%      20%   40%
   4    10%      30%   10%

The annual sales budget shows forecasts for the different products and their expected selling price per unit as follows:

Product   Units   Selling Price
   X   40,000   $ 3
   Y   100,000   $12
   Z   50,000   $ 5

Required:
Prepare a revenue budget in dollars for each quarter. Present each quarter in a separate column and add a column to show total year sales.
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
Read 220 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
First            Second      Third      Fourth      Year
       Quarter   Quarter      Quarter      Quarter      Total
Product X:
Sales (units)   16,000   12,000   8,000   4,000   40,000
Price      × $3      × $3      × $3      × $3      × $3
Sales ($)   48,000   $36,000   24,000   $12,000   $120,000

Product Y:
Sales (units)   30,000   20,000   20,000   30,000   100,000
Price      × $12      × $12      × $12      × $12      × $12
Sales ($)   $360,000   $240,000   $240,000   $360,000   $1,200,000

Product Z:
Sales (units)   5,000   20,000   20,000   5,000   50,000
Price        × $5         × $5        × $5        × $5         × $5
Sales ($)   $25,000   $100,000   $100,000   $25,000   $250,000

Total dollars   $433,000   $376,000   $364,000   $397,000   $1,570,000
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1425 People Browsing
 129 Signed Up Today
Related Images
  
 258
  
 155
  
 123
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352