Learn CoLearn Co manufactures and sells one product, an abacus for classroom use, with two models, the Basic model and the Deluxe model. The company began operations onJanuary 1, 20Y1, and is planning for 20Y2, its second year of operations, by preparing budgets from its master budget.The company is trying to decide how many units to manufacture, how much it might spend on direct materials and direct labor, and what their factory overhead expensesmight be. In addition, the company is interested in budgeting for selling and administrative costs, and in creating a budgeted income statement showing a prediction ofnet income for 20Y2.You have been asked to assist the controller of LearnCo in preparing the 20Y2 budgets.Sales BudgetThe sales budget often uses the prior year's sales as starting point, and then sales quantities are revised for various factors such as planned advertising and promotion,projected pricing changes, and expected industry and general economic conditions. Learn Co has completed reviewing its prior year's sales and has prepared the followingsales budget.After reviewing LearnCo's sales budget, you note that three numbers have been omitted. The company's controller has told you that the units sold for the Basic andDeluxe models are expected to be the same. Fill in the missing amounts.Basic AbacusProductTotalsSales BudgetFor the Year Ending December 31, 20Y2Unit SalesVolumeDeluxe AbacusLearnCo72,000Unit SellingPrice$6TotalSales$216,000504,000$720,000

A sales budget is a financial plan that estimates the company's total unit sales and total revenue.…

Answered: LearnCo Sales Budget For the Year…

LearnCo Sales Budget For the Year Ending December 31, 20Y2 Unit Sales Volume Product Basic Abacus Deluxe Abacus Totals 72,000 Unit Selling Price $6 Total Sales $216,000 504,000 $720,000

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 3PA: Lean accounting Dashboard Inc. manufactures and assembles automobile instrument panels for both eCar...

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