Kwanzan Industries expects to sell 450 units of Product A and 380 units of Product B each day at an ave $15 for Product A and $26 for Product B. The expected cost for Product A is 42% of its selling price and cost for Product B is 63% of its selling price. Kwanzan Industries has no beginning inventory, but it want four-day supply of ending inventory for each product. Compute the budgeted purchases for the next (s week. (Round the answer to the nearest dollar.) A. $66,520 OB. $99,653 OC. $63,416 OD. $116,410
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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![Kwanzan Industries expects to sell 450 units of Product A and 380 units of Product B each day at an average price of
$15 for Product A and $26 for Product B. The expected cost for Product A is 42% of its selling price and the expected
cost for Product B is 63% of its selling price. Kwanzan Industries has no beginning inventory, but it wants to have a
four-day supply of ending inventory for each product. Compute the budgeted purchases for the next (seven-day)
week. (Round the answer to the nearest dollar.)
A. $66,520
OB. $99,653
OC. $63,416
OD. $116,410](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b66d485-6039-4c2f-b262-2f0952bbd75a%2F6126a878-9d18-41a4-a543-65475de855d9%2F7mm8nu_processed.jpeg&w=3840&q=75)
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