Managerial Acct 505 Project a Essay

1362 Words Aug 5th, 2013 6 Pages
PROJECT A - Case 9-30 Accounting 505
Student Name:

SALES BUDGET: Budgeted unit sales Selling price per unit Total Sales April 65,000 10 650,000 May 100,000 10 1,000,000 June 50,000 10 500,000

SCHEDULE OF EXPECTED CASH COLLECTIONS: February sales March sales April sales May sales June sales Total Cash Collections 70%, 10% 20%,70%,10% 20%,70% 20% 10% April 26,000 280,000 130,000 May June

40,000 455,000 200,000 695,000 65,000 700,000 100,000 865,000

436,000

MERCHANDISE PURCHASES BUDGET: Budgeted unit sales Add desired ending inventory (40% of next months sales) Total needs Less beginning inventory Required purchases Cost of purchases @ $4 per unit April 65,000 40,000 105,000 26,000 79,000 316,000 May 100,000 20,000 120,000
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Commissions is 4% of sales. So, 2150000x.04 = 86000. Adding this

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