6. M Ltd. sells two products A and B which are produced in its special product division. Sales for the year 2016 were planned as follow : 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter units units units units Product A 10,000 12,000 13,000 15,000 Product B 5,000 4,500 4,000 3,800 The selling prices were Rs. 20 per unit and Rs. 50 per unit respectively for A and B. Average sales returns are 5 % of sales and the discounts and bad debts amount to 4% of the total sales. Prepare sales budget for the year 2016.

6. M Ltd. sells two products A and B which are produced in its special product division. Sales for the year 2016 were planned as follow : 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter units units units units Product A 10,000 12,000 13,000 15,000 Product B 5,000 4,500 4,000 3,800 The selling prices were Rs. 20 per unit and Rs. 50 per unit respectively for A and B. Average sales returns are 5 % of sales and the discounts and bad debts amount to 4% of the total sales. Prepare sales budget for the year 2016.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Can you provide me the full answer for this quiestion

A: Formulas for different financial ratios are as follows.

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: pension protection act of 2006 strengthens the U.S. pension system by imposing stricter funding…

Q: Can I get help with requirement 4-7 as well?

A: Calculation of Return on Equity (ROE) for the previous year and current year. Return on Equity (ROE)…

Q: I'd like the 1st question answered please for problem 23

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: please that also included in the submission?

A: Overhead Applied $ 5,12,500 Overhead Incurred Indirect Labour $ 1,50,000 Other…

Q: 5. Research and list 3 examples the BAS related services that a registered BAS agent is authorised…

A: BAS stands for Business Activity Statement, which is a tax reporting requirement for businesses in…

Q: need augest 22 entry

A: Journal entries are used to record the accounting transactions in chronological order under double…

Q: Current Attempt in Progress Saddle Inc. has two types of handbags: standard and custom. The…

A: Activity Based Costing :— It is the method of costing used to allocated overhead to cost object.…

Q: Which of the following can be uploaded to QBO as attachments? Select one: A. Word documents B. Excel…

A: QBO is Quickbooks accounting software that is an online software used for accounting and recording…

Q: Please explain the video https://youtu.be/e2CjAgGclkM

A: Liquidity Ratios:Current Ratio: This ratio measures a company's ability to pay its short-term…

Q: rements 2A through 4 agai

A: Budget is the estimation of revenue and expenses prior to starting the operation. To manage the…

Q: How is QuickBooks organized?

Q: Please also help on part 4 and 5.

A: I have answered only part 4 and part 5, i took some required information from previously answered…

Q: How to create the t account

A: T account is a representation of the legder that records business transactions. It is in the form of…

Q: Hi, Can you please answer E14.11?

Q: 1. Calculate the amounts to be reported on each employee's Wage and Tax Statement (Form W-2) for…

Q: Homework help asap

A: Opportunity cost is the earnings which have been lost due purchase of asset.

Q: Hi can u post this transaction for me please ( the current Answers are wrong)

A: Journal entry refers to an entry that records all the transactions which are financial in nature. It…

Question

please answer asap

M Ltd. sells two products A and B which are
produced in its special product division. Sales for
the
6.
year 2016 were planned as follow :
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
units
units
units
units
Product A
10,000
12,000
13,000
15,000
Product B
5,000
4,500
4,000
3,800
The selling prices were Rs. 20 per unit and Rs. 50
per unit respectively for A and B. Average sales
returns are 5 % of sales and the discounts and bad
debts amount to 4% of the total sales.
Prepare sales budget for the year 2016.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Sales budget of M ltd. for product A division

VIEW

Step 2: Sales budget of M ltd (Product B division)

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

ABC Co. is selling its products to customers A, B and C. The following information is given for the year 2018-19. Customer A Customer B Customer C Sales in Lakhs (?) 15.90 20.0 15.0 Number of deliveries (including rush deliveries) 100 40 50 Number of orders 120 50 60 1.2 Average number of hours per delivery (for verification of goods | before loading for delivery) 1 1.30 Number of rush deliveries 2 1 2 Sales commission (% to sales) 4 5 Normal delivery cost is ? 1,250 per delivery. Order processing cost is ? 1,84,000. Verification cost of goods before loading is ? 5,32,500. Rush delivery cost is 180% of normal delivery cost. Variable cost is 75 percent of sales. (i) Present a customer wise profitability statement.
The Abigail Company produces and sell two products, X and Y. Cost and revenue data on the products follow: Product X Product Y P24 Selling price per unit Variable cost per unit Contribution margin per unit P20 12 6. P8 P18 In the most recent month, the company sold 400 units of Product X and 800 units of Product Y. Fixed expenses are P10,000 per month. REQUIRED: 1. Prepare a comparative income statement for both products on the most recent monthly projections. 2. Compute the company's overall monthly break-even point in peso sales.
please solve the question with calculation
3 In 2014. Adek Sdn Bhd made a sale of RM1,000,000 for three of its products A, B and C with a sales mix of 50%, 20% and 30% respectively. The fixed cost is RM20,000 per month. The production and sales information of these three products are as follows: Product Total cost/unit (RM) 28 40 30 Fixed cost/unit 25% of total cost 20% of total cost 30% of total cost 45 35 Sales price/unit (RM) 30 Required: value) for the year. (Round off your answers to three decimal places.)
Calculate the number of units of each product the company must sell to earn an after-tax net income ofP135,000 for the year ending December 31, 2016.
Use below information for Questions 1 to 3: Company X manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission at a percent of sales basis. Partial income statement for the year ending Dec 31, 2017, is as follows: Item Amount (TL) Sales 79,000,000 COGS Variable 31,540,000 8,610,000 Fixed Selling and marketing expenses Commissions 13,530,000 10,210,000 Fixed costs The company is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission of 8.10% and incur additional fixed costs of TL7,530,000. Q-1) Calculate the degree of operating leverage at sales TL79,000,000 if the company uses sales agents. Q-2) Assume the company employs its own sales staff. Calculate the change in net income in TL if sales decrease by 10%. Q-3) Calculate the estimated sales volume in sales TL that would generate an identical net income for the year ending December 31, 2017, regardless of whether the…
The weekly requirement of a component is 950 units. The order cost is RM85 per order, the holding cost is RM5 per unit per year and the component cost is RM250 per unit. The firm operates 52 weeks per year. i) Calculate the Economic Order Quantity (EOQ). [Hitungkan Kuantiti Pesanan Ekonomi (EOQ).] ii) Calculate annual total inventory cost. [Hitungkan jumlah kos inventori tahunan.)
KLM Company produces a single product. The selling price is OMR 40 a unit and the variable costs is OMR 25 a unit. The annual fixed costs of the business are OMR 4000. The business aims to make OMR 16625 profit during the forthcoming year. How much sales (OMR) required to achieve this target profit? Select one: a. OMR 60000 b. OMR 44000 c. OMR 48700 d. OMR 55000
A company has assessed the profitability of its three products as shown here: Product A Product B Product C Total Sales (units) 3,000 5,000 2,000 10,000 £ £ Price 15.00 10.00 5.00 Variable costs 6.00 4.00 3.00 Divisible fixed costs 2.00 1.00 0.50 Non-divisible fixed costs 2.00 2.00 2.00 Profit/(Loss) 5.00 3.00 (0.50) As a result of this, it has been suggested that Product C should be dropped. All other things being equal what would be the financial impact of dropping Product C? A B Profit would increase by £1,000. Profit would increase by £2,000. Profit would fall by £3,000. C D Profit would fall by £4,000. £
White Lake Inc. produces and sells a single product. Data concerning that product appear below: Selling price per unit $ 230.00 Variable expense per unit $ 103.50 Fixed expense per month $ 518,650 Required: a. What is the minimum amount of sales revenues in dollars to break even? b. Assume the company's monthly target profit is $12,650. Determine the number of units that White Lake needs to sell to attain this target profit?
A 144. Subject:- finance
Frymire Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit $240.00 Variable expense per unit $79.20 Fixed expense per month $1,019,472 Assume the company's monthly target profit is $46,000. The dollar sales to attain that target profit is closest to: a. $3,228,703 b. $1,961,477 c. $1,590,257 d. $1,065,472