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Annie's Homemade sells 6-ounce servings of ice cream for $5.00 and 8-ounce portions for $6.00. It estimates that 70% of its servings are for 6-ounces and the remaining 30% are for 8-ounces. Its estimated number of servings sold per quarter for next year are as follows: Quarter 1 8,160 Quarter 2 18,600 Quarter 3 28,400 Quarter 4 13,000 Budgeted unit sales (in servings) Required: 1. Prepare a sales budget for next year. Include each month's estimated sales and a total for the year as a whole. 2. If you created a data visualization that depicted monthly sales and monthly inventory purchases, what pattern would you expect to see?

Annie's Homemade sells 6-ounce servings of ice cream for $5.00 and 8-ounce portions for $6.00. It estimates that 70% of its servings are for 6-ounces and the remaining 30% are for 8-ounces. Its estimated number of servings sold per quarter for next year are as follows: Quarter 1 8,160 Quarter 2 18,600 Quarter 3 28,400 Quarter 4 13,000 Budgeted unit sales (in servings) Required: 1. Prepare a sales budget for next year. Include each month's estimated sales and a total for the year as a whole. 2. If you created a data visualization that depicted monthly sales and monthly inventory purchases, what pattern would you expect to see?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Annie's Homemade sells 6-ounce servings of ice cream for $5.00 and 8-ounce portions for $6.00. It estimates that 70% of its servings are for 6-ounces and the remaining 30% are for 8-ounces. Its estimated number of servings sold per quarter for next year are as follows: Quarter 1 8,160 Quarter 2 18,600 Quarter 3 28,400 Complete this question by entering your answers in the tabs below. Quarter 4 13,000 Budgeted unit sales (in servings) Required: 1. Prepare a sales budget for next year. Include each month's estimated sales and a total for the year as a whole. 2. If you created a data visualization that depicted monthly sales and monthly inventory purchases, what pattern would you expect to see?
Transcribed Image Text:Annie's Homemade sells 6-ounce servings of ice cream for $5.00 and 8-ounce portions for $6.00. It estimates that 70% of its servings are for 6-ounces and the remaining 30% are for 8-ounces. Its estimated number of servings sold per quarter for next year are as follows: Quarter 1 8,160 Quarter 2 18,600 Quarter 3 28,400 Complete this question by entering your answers in the tabs below. Quarter 4 13,000 Budgeted unit sales (in servings) Required: 1. Prepare a sales budget for next year. Include each month's estimated sales and a total for the year as a whole. 2. If you created a data visualization that depicted monthly sales and monthly inventory purchases, what pattern would you expect to see?
Required 1 Required 2 Prepare a sales budget for next year. Include each month's estimated sales and a total for the year as a whole. Budgeted unit sales (6 ounces) Selling price per unit Total 6-ounce sales Budgeted unit sales (8 ounces) Selling price per unit Total 8-ounce sales Total sales Required 1 Required 2 1 2 < Required 1 Quarter < Required 3 Required 2 > OIncreases in monthly inventory purchases would occur after increases insales. OIncreases in monthly inventory purchases would occur before increases insales. OIncreases in monthly inventory purchases and sales would occur at thesame time. If you created a data visualization that depicted monthly sales and monthly inventory purchases, what pattern would you expect to see? 4 Required 2 > Year
Transcribed Image Text:Required 1 Required 2 Prepare a sales budget for next year. Include each month's estimated sales and a total for the year as a whole. Budgeted unit sales (6 ounces) Selling price per unit Total 6-ounce sales Budgeted unit sales (8 ounces) Selling price per unit Total 8-ounce sales Total sales Required 1 Required 2 1 2 < Required 1 Quarter < Required 3 Required 2 > OIncreases in monthly inventory purchases would occur after increases insales. OIncreases in monthly inventory purchases would occur before increases insales. OIncreases in monthly inventory purchases and sales would occur at thesame time. If you created a data visualization that depicted monthly sales and monthly inventory purchases, what pattern would you expect to see? 4 Required 2 > Year
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