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 $45each in January and February, and $48 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line bymonth and in total for the first quarter. If required, round your answers to the nearest cent.FlashKick CompanySales BudgetFor the First QuarterJanuaryFebruaryMarchQuarterPractice ball:Units50,000 V56,00080,000186,000Unit price8.258.258.258.25Sales412,500 V462,000660,000$ 1,534,500Match ball:Units3,6007,5008,40016,500Unit price161616 V $16Sales96,000 X120,000 x224,000 X$ 3,640,000 XTournament ball:Units2,400 V3,0005,60011,000Unit price2$45 V45482$46.53Sales$ 108,000135,000268,800511,800Total sales.616,500717,000X1,152,800$ 5,686,300 Sales BudgetFlashKick 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 bal| line (high-performancesoccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:Practice BallsMatch BallsUnitsSelling PriceUnitsSelling PriceJanuary50,000$8.256,000$16.00February56,000$8.257,500$16.00March80,000$8.2514,000$16.00April100,000$8.2518,000$16.00

Calculation of sales budgets is as follows: Resultant table:

2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold thế 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 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 January February March Quarter Practice ball: Units 50,000 56,000 v 80,000 V 186,000 Unit price 8.25 8.25 V $ 8.25 V 8.25 Sales 412,500 V 462,000 V 660,000 V 1,534,500 Match ball: Units 3,600 V 7,500 x 8,400 V 16,500 V Unit price 16 V %24 16 V $ 16 V 16 V Sales 96,000 x $ 120,000 X 224,000 x 3,640,000 X Tournament ball: Units 2,400 3,000 V 5,600 11,000 Unit price 45 V 45 V $ 48 V 46.53 Sales 108,000 v 135,000 v $ 268,800 V 511,800 V 616.500 e 717.000 1.152.800 5.686.300 Total calor

2. What if FlashKick added a third line-tournament quality soccer balls that were expected to take 40 percent of the units sold thế 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 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 January February March Quarter Practice ball: Units 50,000 56,000 v 80,000 V 186,000 Unit price 8.25 8.25 V $ 8.25 V 8.25 Sales 412,500 V 462,000 V 660,000 V 1,534,500 Match ball: Units 3,600 V 7,500 x 8,400 V 16,500 V Unit price 16 V %24 16 V $ 16 V 16 V Sales 96,000 x $ 120,000 X 224,000 x 3,640,000 X Tournament ball: Units 2,400 3,000 V 5,600 11,000 Unit price 45 V 45 V $ 48 V 46.53 Sales 108,000 v 135,000 v $ 268,800 V 511,800 V 616.500 e 717.000 1.152.800 5.686.300 Total calor

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 18E: Audio-2-Go, Inc., manufactures MP3 players. Models A-1, A-2, and A-3 are small and light. They are...

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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.
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. Showtotal 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.
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 47,000 $8.85 6,300 $17.90 February 56,000 $8.85 8,400 $17.90 March 81,000 $8.85 13,500 $17.90 April 115,000 $8.85 17,500 $17.90 FlashKick requires ending inventory of product to equal 20 percent of the next month’s unit sales. Beginning inventory in January was 9,400 practice soccer balls and 1,260 match soccer balls. Every practice ball requires 0.5 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. FlashKick’s policy is that 20 percent of the…
Smart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike'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, Smart Strike expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 48,000 $8.85 6,400 $17.20 February 58,000 $8.85 7,500 $17.20 March 86,000 $8.85 13,000 $17.20 April 105,000 $8.85 17,000 $17.20 Smart Strike requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 9,600 practice soccer balls and 1,280 match soccer balls. Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. Smart Strike's policy is that 20…
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1. Question Content Area 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 $16.00 February 58,000 $8.25 8,000 $16.00 March 80,000 $8.25 13,000 $16.00 April 100,000 $8.25 18,000 $16.00 Required: Question Content Area 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 CompanySales BudgetFor the First Quarter of Next Year…
Audio-2-Go, Inc., manufactures MP3 players. Models A-1, A-2, and A-3 are small and light. They are attached to armbands and use flash memory. Models A-4 and A-5 are somewhat larger and use a built-in hard drive; they can be put into fanny packs for use while working out. It is now early January, and Audio-2-Gos budgeting team is finalizing the sales budget for this year. Sales in units and dollars for last year were as follows: In looking over last years sales figures, Audio-2-Gos sales budgeting team recalled the following: a. Model A-1 costs were rising faster than the price could rise. Preparatory to phasing out this model, Audio-2-Go, Inc., planned to slash advertising for this model and raise its price by 30 percent. The number of units of Model A-1 to be sold was forecast to be 50 percent of last years units. b. Model A-5 was introduced on November 1 of last year. It contains a built-in 20 GB hard drive and can be synchronized with several popular music software programs. Audio-2-Go brought out this model to match competitors audio players, but the price is so much higher than other Audio-2-Go products, that sales have been disappointing. The company plans to discontinue this model on June 30 of this year, and thinks that monthly sales will remain at last years level if the sales price remains unchanged. c. Audio-2-Go plans to introduce Model A-6 on July 1 of this year. It will be a high-end player that will be lighter and more versatile than Model A-5 (which it will replace). The target price for this model is 180; unit sales are estimated to equal 2,500 per month. d. A competitor has announced plans to introduce an improved version of Model A-3. Audio-2-Go believes that theModelA-3 price must be cut 20 percent to maintain unit sales at last years level. e. It was assumed that unit sales of all other models would increase by 10 percent, prices remaining constant. Required: Prepare a sales forecast by product and in total for Audio-2-Go, Inc., for this year.
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