Sales Budget 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 performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.25 7,000 $15.00 February 58,000 $8.25 8,000 $15.00 March 80,000 $8.25 14,000 $15.00 April 100,000 $8.25 18,000 $15.00 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. If required, round your answers to the nearest cent. FlashKick Company
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.
Sales Budget
![Sales Budget
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:
Practice Balls
Match Balls
Units
Selling Price
Units
Selling Price
January
50,000
$8.25
7,000
$15.00
February
58,000
$8.25
8,000
$15.00
March
80,000
$8.25
14,000
$15.00
April
100,000
$8.25
18,000
$15.00
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. If required, round your answers to the nearest cent.
FlashKick Company
Sales Budget
For the First Quarter of Next Year
January February March Quarter
Practice ball:
Units
Unit price
Sales
Match ball:
Units
Unit price $
Sales
Total sales
$
0000
100100
10000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc626f6c0-d2ba-4acf-8a3a-d19ba4dc42e6%2F87c24bc6-713c-489a-a0c5-b948af66d859%2F1ogsq9j_processed.png&w=3840&q=75)
![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 $42 each in January and February, and $45 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. If required, round your answers to the nearest cent.
FlashKick Company
Sales Budget
For the First Quarter
January February
March
Quarter
Practice ball:
Units
Unit price
Sales
Match ball:
Units
Unit price
Sales
Tournament ball:
Units
Unit price
Sales
Total sales
000
000 000 0000
0000
10000 1000 10100
000 000 0000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc626f6c0-d2ba-4acf-8a3a-d19ba4dc42e6%2F87c24bc6-713c-489a-a0c5-b948af66d859%2Ffojaff_processed.png&w=3840&q=75)
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