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19 October, 02:17

Yancy Company manufactures luggage sets. Yancy sells its luggage sets to department stores. Yancy expects to sell 2 comma 000 luggage sets for $ 205 each in January and 2 comma 350 luggage sets for $ 205 each in February. All sales are cash only. Prepare the sales budget for January and February.

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  1. 19 October, 02:37
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    Sales budget:

    January = $410,000

    February = $481,750

    Explanation:

    Giving the following information:

    Yancy expects to sell 2,000 luggage sets for $205 each in January and 2,350 luggage sets for $ 205 each in February.

    A sales budget is simply multiplying the unitary sales price for the number of units sold.

    Sales budget:

    January = 2,000*205 = $410,000

    February = 2,350*205 = $481,750
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