Question

Yeaman Company manufactures luggage sets. Yeaman sells its luggage sets to department stores. Yeaman expects to sell 1 comma 850 luggage sets for $ 345 each in January and 2 comma 250 luggage sets for $ 345 each in February. All sales are cash only. Prepare the sales budget for January and February.

Answer 1

Answer and Explanation:

The preparation of the sales budget for the month of Jan and Feb is presented below:

Particulars January February

Budgeted luggage sets to be sold 1,850 2,250

Sales price per unit $345 $345

Total sales $638,250 $776,250

By multiply the luggage sets with the sales price per unit we can get the total sales and the same is shown above