7. Compute the sales budget of mocha for the month of February. 8. Compute the sales budget of latte for the month of February. 9. Compute the sales budget of brewed for the month of February.
7. Compute the sales budget of mocha for the month of February. 8. Compute the sales budget of latte for the month of February. 9. Compute the sales budget of brewed for the month of February.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Concept explainers
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.
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Transcribed Image Text:Problem Set 1. Sales Budget
Sales Budget
Mary's Coffee Shop has to compute for the sales budget of
the operation from the January to March 2019. The shop.
offers flavored coffee: cappuccino, mocha, latte and brewed
coffee which are sold at P75.00, P72.00, P80.00 and P60.00
per serving (in cups) respectively. The following data shows
anticipated volume of sales (in cups) during the first quarter.
Item
January
February
150
200
Cappuccino
Mocha
100
120
Latte
80
110
Brewed
175
150
March
195
90
115
180
1. Compute the sales budget of cappuccino for the month of January.
2. Compute the sales budget of mocha for the month of January.
3. Compute the sales budget of latte for the month of January.
4. Compute the sales budget of brewed for the month of January.
5. Compute the total sales budget for the month of January.
6. Compute the sales budget of cappuccino for the month of February.
7. Compute the sales budget of mocha for the month of February.
8. Compute the sales budget of latte for the month of February.
9. Compute the sales budget of brewed for the month of February.
10. Compute the total sales budget for the month of February.
11. Compute the sales budget of cappuccino for the month of March.
12. Compute the sales budget of mocha for the month of March.
13. Compute the sales budget of latte for the month of March.
14. Compute the sales budget of brewed for the month of March.
15. Compute the total sales budget for the month of March.
16. Compute the total sales budget of cappuccino from January to March.
17. Compute the total sales budget of mocha from January to March.
18. Compute the total sales budget of latte from January to March.
19. Compute the total sales budget of brewed from January to March.
20. Compute the total sales budget of the Mary's Coffee Shop operation from January to
March.
21. Which month has the highest sales budget?
22. What flavored coffee has the highest sales budget from January to March?
23. What flavored coffee has the lowest sales budget from January to March?
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