ales Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’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, FlashKick expects to sell the following:   Practice Balls   Match Balls   Units   Selling Price   Units   Selling Price January 50,000   $8.25   6,000   $15.00 February 58,000   $8.25   7,500   $15.00 March 80,000   $8.25   13,000   $15.00 April 100,000   $8.25   18,000   $15.00 Required: Question Content Area 1. Construct a sales budget for FlashKick 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. FlashKick CompanySales BudgetFor the First Quarter of Next Year   January February March Quarter Practice ball:         Units fill in the blank 24b90d0bf05bfb3_1 fill in the blank 24b90d0bf05bfb3_2 fill in the blank 24b90d0bf05bfb3_3 fill in the blank 24b90d0bf05bfb3_4 Unit price $fill in the blank 24b90d0bf05bfb3_5 $fill in the blank 24b90d0bf05bfb3_6 $fill in the blank 24b90d0bf05bfb3_7 $fill in the blank 24b90d0bf05bfb3_8 Sales $fill in the blank 24b90d0bf05bfb3_9 $fill in the blank 24b90d0bf05bfb3_10 $fill in the blank 24b90d0bf05bfb3_11 $fill in the blank 24b90d0bf05bfb3_12 Match ball:

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sales Budget

FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’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, FlashKick expects to sell the following:

  Practice Balls   Match Balls
  Units   Selling Price   Units   Selling Price
January 50,000   $8.25   6,000   $15.00
February 58,000   $8.25   7,500   $15.00
March 80,000   $8.25   13,000   $15.00
April 100,000   $8.25   18,000   $15.00

Required:

Question Content Area

1. Construct a sales budget for FlashKick 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.

FlashKick CompanySales BudgetFor the First Quarter of Next Year
  January February March Quarter
Practice ball:        
Units fill in the blank 24b90d0bf05bfb3_1 fill in the blank 24b90d0bf05bfb3_2 fill in the blank 24b90d0bf05bfb3_3 fill in the blank 24b90d0bf05bfb3_4
Unit price $fill in the blank 24b90d0bf05bfb3_5 $fill in the blank 24b90d0bf05bfb3_6 $fill in the blank 24b90d0bf05bfb3_7 $fill in the blank 24b90d0bf05bfb3_8
Sales $fill in the blank 24b90d0bf05bfb3_9 $fill in the blank 24b90d0bf05bfb3_10 $fill in the blank 24b90d0bf05bfb3_11 $fill in the blank 24b90d0bf05bfb3_12
Match ball:        
Units fill in the blank 24b90d0bf05bfb3_13 fill in the blank 24b90d0bf05bfb3_14 fill in the blank 24b90d0bf05bfb3_15 fill in the blank 24b90d0bf05bfb3_16
Unit price $fill in the blank 24b90d0bf05bfb3_17 $fill in the blank 24b90d0bf05bfb3_18 $fill in the blank 24b90d0bf05bfb3_19 $fill in the blank 24b90d0bf05bfb3_20
Sales $fill in the blank 24b90d0bf05bfb3_21 $fill in the blank 24b90d0bf05bfb3_22 $fill in the blank 24b90d0bf05bfb3_23 $fill in the blank 24b90d0bf05bfb3_24
Total sales $fill in the blank 24b90d0bf05bfb3_25 $fill in the blank 24b90d0bf05bfb3_26 $fill in the blank 24b90d0bf05bfb3_27 $fill in the blank 24b90d0bf05bfb3_28
         
 

Question Content Area

2. What if FlashKick added a third line—tournament 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 FlashKick 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.

FlashKick CompanySales BudgetFor the First Quarter
  January February March Quarter
Practice ball:        
Units fill in the blank dd0f3cfaa020ff8_1 fill in the blank dd0f3cfaa020ff8_2 fill in the blank dd0f3cfaa020ff8_3 fill in the blank dd0f3cfaa020ff8_4
Unit price $fill in the blank dd0f3cfaa020ff8_5 $fill in the blank dd0f3cfaa020ff8_6 $fill in the blank dd0f3cfaa020ff8_7 $fill in the blank dd0f3cfaa020ff8_8
Sales $fill in the blank dd0f3cfaa020ff8_9 $fill in the blank dd0f3cfaa020ff8_10 $fill in the blank dd0f3cfaa020ff8_11 $fill in the blank dd0f3cfaa020ff8_12
Match ball:        
Units fill in the blank dd0f3cfaa020ff8_13 fill in the blank dd0f3cfaa020ff8_14 fill in the blank dd0f3cfaa020ff8_15 fill in the blank dd0f3cfaa020ff8_16
Unit price $fill in the blank dd0f3cfaa020ff8_17 $fill in the blank dd0f3cfaa020ff8_18 $fill in the blank dd0f3cfaa020ff8_19 $fill in the blank dd0f3cfaa020ff8_20
Sales $fill in the blank dd0f3cfaa020ff8_21 $fill in the blank dd0f3cfaa020ff8_22 $fill in the blank dd0f3cfaa020ff8_23 $fill in the blank dd0f3cfaa020ff8_24
Tournament ball:        
Units fill in the blank dd0f3cfaa020ff8_25 fill in the blank dd0f3cfaa020ff8_26 fill in the blank dd0f3cfaa020ff8_27 fill in the blank dd0f3cfaa020ff8_28
Unit price $fill in the blank dd0f3cfaa020ff8_29 $fill in the blank dd0f3cfaa020ff8_30 $fill in the blank dd0f3cfaa020ff8_31 $fill in the blank dd0f3cfaa020ff8_32
Sales $fill in the blank dd0f3cfaa020ff8_33 $fill in the blank dd0f3cfaa020ff8_34 $fill in the blank dd0f3cfaa020ff8_35 $fill in the blank dd0f3cfaa020ff8_36
Total sales $fill in the blank dd0f3cfaa020ff8_37 $fill in the blank dd0f3cfaa020ff8_38 $fill in the blank dd0f3cfaa020ff8_39 $fill in the blank dd0f3cfaa020ff8_40
       
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