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. 6.

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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