Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 S8.75 7,000 $16.00 February March 58,000 80,000 $8.75 $8.75 $8.75 7,500 13,000 18,000 $16.00 $16.00 Аpril 100,000 $16.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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:

 

Required:

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.

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 $45 each in January and February, and $48 each in March? Prepare a sales budget for Flash- Kick 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.

Practice Balls
Match Balls
Units
Selling Price
Units
Selling Price
January
50,000
S8.75
7,000
$16.00
February
March
58,000
80,000
$8.75
$8.75
$8.75
7,500
13,000
18,000
$16.00
$16.00
Аpril
100,000
$16.00
Transcribed Image Text:Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 S8.75 7,000 $16.00 February March 58,000 80,000 $8.75 $8.75 $8.75 7,500 13,000 18,000 $16.00 $16.00 Аpril 100,000 $16.00
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