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 January February March Quarter Practice ball: Units fill in the blank 94a8abf7effcf8f_1 fill in the blank 94a8abf7effcf8f_2 fill in the blank 94a8abf7effcf8f_3 fill in the blank 94a8abf7effcf8f_4 Unit price $fill in the blank 94a8abf7effcf8f_5 $fill in the blank 94a8abf7effcf8f_6 $fill in the blank 94a8abf7effcf8f_7 $fill in the blank 94a8abf7effcf8f_8 Sales $fill in the blank 94a8abf7effcf8f_9 $fill in the blank 94a8abf7effcf8f_10 $fill in the blank 94a8abf7effcf8f_11 $fill in the blank 94a8abf7effcf8f_12 Match ball: Units fill in the blank 94a8abf7effcf8f_13 fill in the blank 94a8abf7effcf8f_14 fill in the blank 94a8abf7effcf8f_15 fill in the blank 94a8abf7effcf8f_16 Unit price $fill in the blank 94a8abf7effcf8f_17 $fill in the blank 94a8abf7effcf8f_18 $fill in the blank 94a8abf7effcf8f_19 $fill in the blank 94a8abf7effcf8f_20 Sales $fill in the blank 94a8abf7effcf8f_21 $fill in the blank 94a8abf7effcf8f_22 $fill in the blank 94a8abf7effcf8f_23 $fill in the blank 94a8abf7effcf8f_24 Total sales $fill in the blank 94a8abf7effcf8f_25 $fill in the blank 94a8abf7effcf8f_26 $fill in the blank 94a8abf7effcf8f_27 $fill in the blank 94a8abf7effcf8f_28 Question Content Area 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 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 January February March Quarter Practice ball: Units fill in the blank a4c058f5901a064_1 fill in the blank a4c058f5901a064_2 fill in the blank a4c058f5901a064_3 fill in the blank a4c058f5901a064_4 Unit price $fill in the blank a4c058f5901a064_5 $fill in the blank a4c058f5901a064_6 $fill in the blank a4c058f5901a064_7 $fill in the blank a4c058f5901a064_8 Sales $fill in the blank a4c058f5901a064_9 $fill in the blank a4c058f5901a064_10 $fill in the blank a4c058f5901a064_11 $fill in the blank a4c058f5901a064_12 Match ball: Units fill in the blank a4c058f5901a064_13 fill in the blank a4c058f5901a064_14 fill in the blank a4c058f5901a064_15 fill in the blank a4c058f5901a064_16 Unit price $fill in the blank a4c058f5901a064_17 $fill in the blank a4c058f5901a064_18 $fill in the blank a4c058f5901a064_19 $fill in the blank a4c058f5901a064_20 Sales $fill in the blank a4c058f5901a064_21 $fill in the blank a4c058f5901a064_22 $fill in the blank a4c058f5901a064_23 $fill in the blank a4c058f5901a064_24 Tournament ball: Units fill in the blank a4c058f5901a064_25 fill in the blank a4c058f5901a064_26 fill in the blank a4c058f5901a064_27 fill in the blank a4c058f5901a064_28 Unit price $fill in the blank a4c058f5901a064_29 $fill in the blank a4c058f5901a064_30 $fill in the blank a4c058f5901a064_31 $fill in the blank a4c058f5901a064_32 Sales $fill in the blank a4c058f5901a064_33 $fill in the blank a4c058f5901a064_34 $fill in the blank a4c058f5901a064_35 $fill in the blank a4c058f5901a064_36 Total sales $fill in the blank a4c058f5901a064_37 $fill in the blank a4c058f5901a064_38 $fill in the blank a4c058f5901a064_39 $fill in the blank a4c058f5901a064_40

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 January February March Quarter Practice ball: Units fill in the blank 94a8abf7effcf8f_1 fill in the blank 94a8abf7effcf8f_2 fill in the blank 94a8abf7effcf8f_3 fill in the blank 94a8abf7effcf8f_4 Unit price $fill in the blank 94a8abf7effcf8f_5 $fill in the blank 94a8abf7effcf8f_6 $fill in the blank 94a8abf7effcf8f_7 $fill in the blank 94a8abf7effcf8f_8 Sales $fill in the blank 94a8abf7effcf8f_9 $fill in the blank 94a8abf7effcf8f_10 $fill in the blank 94a8abf7effcf8f_11 $fill in the blank 94a8abf7effcf8f_12 Match ball: Units fill in the blank 94a8abf7effcf8f_13 fill in the blank 94a8abf7effcf8f_14 fill in the blank 94a8abf7effcf8f_15 fill in the blank 94a8abf7effcf8f_16 Unit price $fill in the blank 94a8abf7effcf8f_17 $fill in the blank 94a8abf7effcf8f_18 $fill in the blank 94a8abf7effcf8f_19 $fill in the blank 94a8abf7effcf8f_20 Sales $fill in the blank 94a8abf7effcf8f_21 $fill in the blank 94a8abf7effcf8f_22 $fill in the blank 94a8abf7effcf8f_23 $fill in the blank 94a8abf7effcf8f_24 Total sales $fill in the blank 94a8abf7effcf8f_25 $fill in the blank 94a8abf7effcf8f_26 $fill in the blank 94a8abf7effcf8f_27 $fill in the blank 94a8abf7effcf8f_28 Question Content Area 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 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 January February March Quarter Practice ball: Units fill in the blank a4c058f5901a064_1 fill in the blank a4c058f5901a064_2 fill in the blank a4c058f5901a064_3 fill in the blank a4c058f5901a064_4 Unit price $fill in the blank a4c058f5901a064_5 $fill in the blank a4c058f5901a064_6 $fill in the blank a4c058f5901a064_7 $fill in the blank a4c058f5901a064_8 Sales $fill in the blank a4c058f5901a064_9 $fill in the blank a4c058f5901a064_10 $fill in the blank a4c058f5901a064_11 $fill in the blank a4c058f5901a064_12 Match ball: Units fill in the blank a4c058f5901a064_13 fill in the blank a4c058f5901a064_14 fill in the blank a4c058f5901a064_15 fill in the blank a4c058f5901a064_16 Unit price $fill in the blank a4c058f5901a064_17 $fill in the blank a4c058f5901a064_18 $fill in the blank a4c058f5901a064_19 $fill in the blank a4c058f5901a064_20 Sales $fill in the blank a4c058f5901a064_21 $fill in the blank a4c058f5901a064_22 $fill in the blank a4c058f5901a064_23 $fill in the blank a4c058f5901a064_24 Tournament ball: Units fill in the blank a4c058f5901a064_25 fill in the blank a4c058f5901a064_26 fill in the blank a4c058f5901a064_27 fill in the blank a4c058f5901a064_28 Unit price $fill in the blank a4c058f5901a064_29 $fill in the blank a4c058f5901a064_30 $fill in the blank a4c058f5901a064_31 $fill in the blank a4c058f5901a064_32 Sales $fill in the blank a4c058f5901a064_33 $fill in the blank a4c058f5901a064_34 $fill in the blank a4c058f5901a064_35 $fill in the blank a4c058f5901a064_36 Total sales $fill in the blank a4c058f5901a064_37 $fill in the blank a4c058f5901a064_38 $fill in the blank a4c058f5901a064_39 $fill in the blank a4c058f5901a064_40

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 38BEB: Preparing a Direct Labor Budget Tulum Inc. makes a Mexican chocolate mix. Planned production in...

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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

	January	February	March	Quarter
Practice ball:
Units	fill in the blank 94a8abf7effcf8f_1	fill in the blank 94a8abf7effcf8f_2	fill in the blank 94a8abf7effcf8f_3	fill in the blank 94a8abf7effcf8f_4
Unit price	$fill in the blank 94a8abf7effcf8f_5	$fill in the blank 94a8abf7effcf8f_6	$fill in the blank 94a8abf7effcf8f_7	$fill in the blank 94a8abf7effcf8f_8
Sales	$fill in the blank 94a8abf7effcf8f_9	$fill in the blank 94a8abf7effcf8f_10	$fill in the blank 94a8abf7effcf8f_11	$fill in the blank 94a8abf7effcf8f_12
Match ball:
Units	fill in the blank 94a8abf7effcf8f_13	fill in the blank 94a8abf7effcf8f_14	fill in the blank 94a8abf7effcf8f_15	fill in the blank 94a8abf7effcf8f_16
Unit price	$fill in the blank 94a8abf7effcf8f_17	$fill in the blank 94a8abf7effcf8f_18	$fill in the blank 94a8abf7effcf8f_19	$fill in the blank 94a8abf7effcf8f_20
Sales	$fill in the blank 94a8abf7effcf8f_21	$fill in the blank 94a8abf7effcf8f_22	$fill in the blank 94a8abf7effcf8f_23	$fill in the blank 94a8abf7effcf8f_24
Total sales	$fill in the blank 94a8abf7effcf8f_25	$fill in the blank 94a8abf7effcf8f_26	$fill in the blank 94a8abf7effcf8f_27	$fill in the blank 94a8abf7effcf8f_28

Question Content Area

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 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

	January	February	March	Quarter
Practice ball:
Units	fill in the blank a4c058f5901a064_1	fill in the blank a4c058f5901a064_2	fill in the blank a4c058f5901a064_3	fill in the blank a4c058f5901a064_4
Unit price	$fill in the blank a4c058f5901a064_5	$fill in the blank a4c058f5901a064_6	$fill in the blank a4c058f5901a064_7	$fill in the blank a4c058f5901a064_8
Sales	$fill in the blank a4c058f5901a064_9	$fill in the blank a4c058f5901a064_10	$fill in the blank a4c058f5901a064_11	$fill in the blank a4c058f5901a064_12
Match ball:
Units	fill in the blank a4c058f5901a064_13	fill in the blank a4c058f5901a064_14	fill in the blank a4c058f5901a064_15	fill in the blank a4c058f5901a064_16
Unit price	$fill in the blank a4c058f5901a064_17	$fill in the blank a4c058f5901a064_18	$fill in the blank a4c058f5901a064_19	$fill in the blank a4c058f5901a064_20
Sales	$fill in the blank a4c058f5901a064_21	$fill in the blank a4c058f5901a064_22	$fill in the blank a4c058f5901a064_23	$fill in the blank a4c058f5901a064_24
Tournament ball:
Units	fill in the blank a4c058f5901a064_25	fill in the blank a4c058f5901a064_26	fill in the blank a4c058f5901a064_27	fill in the blank a4c058f5901a064_28
Unit price	$fill in the blank a4c058f5901a064_29	$fill in the blank a4c058f5901a064_30	$fill in the blank a4c058f5901a064_31	$fill in the blank a4c058f5901a064_32
Sales	$fill in the blank a4c058f5901a064_33	$fill in the blank a4c058f5901a064_34	$fill in the blank a4c058f5901a064_35	$fill in the blank a4c058f5901a064_36
Total sales	$fill in the blank a4c058f5901a064_37	$fill in the blank a4c058f5901a064_38	$fill in the blank a4c058f5901a064_39	$fill in the blank a4c058f5901a064_40

Production 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
$8.75
7,000
$16.00
February
58,000
$8.75
7,500
$16.00
March
70,000
$8.75
13,000
$16.00
April
100,000
$8.75
18,000
$16.00
FlashKick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was
3,300 practice soccer balls and 400 match soccer balls.
Required:
Construct a production budget for each of the two product lines for FlashKick Company for the first three months of the coming year.
Production budget for practice balls:
FlashKick Company
Production Budget - Practice Balls
For the First Quarter of Next Year
Unit sales
Total needed
Units produced
January February March

Production budget for match balls:
FlashKick Company
Production Budget - Match Balls
For the First Quarter of Next Year
January February March
Unit sales
Total needed
Units produced
00000
00000
00000

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