accounting master budget - 3-31-081.)(a)Earrings...

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Unformatted text preview: 3-31-081.)(a)Earrings UnlimitedSales BudgetFor the quarter ended June 30, 2008MonthAprilMayJuneQuarterExpected Unit Sales65 000100 00050 000215 000Unit Selling PriceX $10X $10X $10X $10Total Sales$650 000$1 000 000$500 000$2 150 000(b)Schedule of Expected Collections from SalesMonthAprilMayJuneQuarterFebruary ($260 000)$26 000$26 000March ($400 000)280 000$40 000320 000April ($650 000130 000455 000$65 000650 000May ($1 000 000)200 000700 000900 000June ($500 000)100 000100 000Total$436 000$695 000$865 000$1 996 000(c)Earrings UnlimitedMerchandise Purchases BudgetFor the month ended April 30, 2008MonthAprilMayJune QuarterBudgeted Costs65 000100 00050 000215 000Desired Ending Merchandise Inventory (next months inventory X 40%)40 00020 00012 00072 000Total105 000120 00062 000287 000Beginning Merchandise Inventory (current months inventory X 40%)26 00040 00020 00086 000Required Merchandise Inventory for the month79 00080 00042 000201 000Cost of Required Merchandise Inventory for the...
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This note was uploaded on 04/09/2008 for the course ACC 203 taught by Professor Giansante during the Spring '08 term at Community College of Allegheny County.

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accounting master budget - 3-31-081.)(a)Earrings...

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