Two articles A and Bare manufactured in a department. Sales for the year 2003 were planned as follows: Product 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units Units Units Units Product A 5,000 6,000 6,500 7,500 Product B 2,500 2,250 2,000 1,900 Selling price were OMR. 10 per unit for A and OMR. 20 per unit for B respectively. Average sales return are 10 % of sales and the discounts and bad debts amount to 2 % of the total sales. Prepare Sales Budget for the year 2003

Two articles A and Bare manufactured in a department. Sales for the year 2003 were planned as follows: Product 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units Units Units Units Product A 5,000 6,000 6,500 7,500 Product B 2,500 2,250 2,000 1,900 Selling price were OMR. 10 per unit for A and OMR. 20 per unit for B respectively. Average sales return are 10 % of sales and the discounts and bad debts amount to 2 % of the total sales. Prepare Sales Budget for the year 2003

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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A total of 50,000 units were sold last year. The contribution margin per unit was $4, and fixed expenses totaled $50,000 for the year. This year fixed expenses are expected to increase BY $20,000, but the contribution margin per unit will remain unchanged. How many units must be sold this year to earn the same profit as was earned last year? O 37,500 O 50,000 O 17,500 O 58,500 O 55,000
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