Raider-X Company budgets sales of 13,000 units for April and 15,000 units for May. Beginning inventory on April 1 is 3,300 units, and the company wants to have 30% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $2 Prepare a merchandise purchases budget for the month of April. RAIDER-X COMPANY Merchandise Purchases Budget April Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales Total required units Units to be purchased Cost per unit Cost of merchandise purchases

Q: Liza’s predicts sales of $40,000 for May and $52,000 for June. Assume 60% of Liza’s sales are for…

A: Given information is: Liza’s predicts sales of $40,000 for May and $52,000 for June. Assume 60% of…

Q: Lexi Company budgets unit sales of 1,980,000 in April, 1,240,000 in May, 600,000 in June, and…

A: The merchandise purchase budget is prepared to estimate the production requirements for fututre.

Q: X-Tel budgets sales of $108,000 for April, $144,000 for May, and $66,000 for June.  In addition,…

A: Cash budget is based on cash forecasts or estimates which gives information as to what funds would…

Q: X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. In addition, sales…

A: Budgeted cash receipts refer to the possible or estimated cash receipts for a specified period of…

Q: Avril Company makes collections on sales according to the following schedule: 30% in the month of…

A: Cash collection in March from January sales = January sales  x 11% = $150,000 x 11% = $16500

Q: Montel Company's July sales budget shows sales of $540,000. The company budgets beginning…

A: Cost of goods sold = Sales x 40%           = 540,000 x 40%           = 216,000

Q: KZ Trading Co. budgeted merchandise purchases of 40,000 units next month. The expected beginning…

A: Budgets are the estimates made for future period of time. Budgeted unit sales means how much units…

Q: Blue Wave Co. predicts the following unit sales for the coming four months: September, 3,200 units;…

A: Here in this question, we are required to prepare production budget. Budget is an estimation made…

Q: The PINK Company has budgeted sales revenues as follows: Jan Feb March $27,000 18,000 $45,000…

A: The calculation of budgeted cash collection from customers and cash payment to suppliers is attached…

Q: Blue Wave Company budgets the following unit sales for the next four months: September, 3,800 units;…

A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…

Q: Required information Ramos Co. provides the following sales forecast and production budget for the…

A: The Direct materials purchase budget becomes the base for the purpose of determining the materials…

Q: Below is the sales budget in units of Silver Company. How many units should it produce in February…

A: Formula: Ending inventory = Next month sales units x 120 %

Q: Shadee Corp. expects to sell 630 sun visors in May and 410 in June. Each visor sells for $24.…

A: Sales budget estimates the sales for a given period. Budgeted sales = Budgeted sales in units *…

Q: MPQ Corporation is in the process of assembling its budget for the quarter ending March 31. Please…

A: Since we answer up to three sub-parts we shall answer the first three. Please resubmit a new…

Q: MPQ Corporation is in the process of assembling its budget for the quarter ending March 31. Please…

A: Budgeted Income Statement: In a budgeted income statement, profit, revenue, and costs are projected…

Q: Walker Company prepares monthly budgets. Company policy is to end each month with merchandise…

A: Required units for the period is budget  sales plus closing stock. By deducting opening stock From…

Q: A company has budgeted sales of 20, 000 units in April. An estimated increase in sales of 5,000…

A: Production for each month = Sales + Ending Inventory - Beginning Inventory Ending Inventory for the…

Q: MPQ Corporation is in the process of assembling its budget for the quarter ending March 31. Please…

A: The question is based on the concept of Cost Accounting. As per the

Q: Liza's predicts sales of $40,000 for May and $57,000 for June. Assume 60% of Liza’s sales are for…

A: Budgeted Sales in May = $ 40,000  Budgeted Sales in June = $57,000  Credit sales 40%   Cash Sales…

Q: Larkspur Inc. has projected sales to be 18,000 units in January; 22,000 units in February; 14,000…

A: Budget means the expected value of future. Budget is not affected by the actual value as it is…

Q: Scora Incorporated sells a single product for $60 per unit. Budgeted sales units for the next three…

A: Budgeting means where standard is set for various activities and department , then actual is…

Q: Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $420,000 for…

A: Purchase budget: Purchase budget is prepared at the beginning of the year to estimate the purchase…

Q: Budgeted sales for the first six months are listed below: JANUARY FEBRUARY MARCH APRIL MAY 8,000…

A: Closing inventory of May = Opening Inventory of June = 40% of June sales = 40% x 4,000 = 1,600

Q: Blue Wave Company budgets the following unit sales for the next four months: September, 3,500 units:…

A: Production budget is prepared after the sales budget as expected sale units are required to prepare…

Q: Scora, Inc., is preparing its master budget for the quarter ending March 31. It sells a single…

A: Sales budget = No. of units to be sold x Sales price per unit

Q: Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $410,000 for…

A: COGS=Sales*63%

Q: Champ Incorporated budgets the following sales in units for the coming two months. Each month's…

A: Production Budget :— It is functional budget that forecast the units & amount required for…

Q: Raider-X Company budgets sales of 14,000 units for April and 16,000 units for May. Beginning…

A: The purchase budget is prepared to estimate the requirements for the future period.

Q: Montel Company's July sales budget shows sales of $560,000. The company budgets beginning…

A: Closing stock= Opening stock + Purchase - COGS   Closing stock= $33000 Opening Stock=$68000…

Q: dise purchases of 40,000 units next month. The expected beginning inventory is 12,000 units and the…

A: The right answer is  37,000 units

Q: Folgerty Enterprises prepared the following sales budget: Month Budgeted Sales March $6,000…

A: given that, Desired finished goods inventory levels at the end of the month are 20% of the next…

Q: Montel Company’s July sales budget calls for sales of $600,000. The store expects to begin July with…

A: Inventory is a big asset for an…

Q: Atlantic Surf manufactures surfboards. The company’s budgeted sales units for the next three months…

A: Ending inventory units for the month July = 50% of August sales = 50% of 7,400 = 3,700 Ending…

Q: Warshaw Company budgets payroll at $3,500 per month plus a percentage of monthly sales. The June…

A: The budget is prepared to estimated the requirements of future.

Q: Center Company makes collections on sales according to the following schedule: 30% in the month of…

A: The following month means the previous month of any given month. Therefore the following month of…

Q: Ratchet Manufacturing's August sales budget calls for sales of 5,000 units. Each month's sales are…

A: Sales budget refers to the budget prepared for estimating the number of sales units and sales amount…

Q: Christian Company has budgeted sales of its popular boomerang for the next four months as follows:…

A: A production budget seems to be a budgetary plan that specifies the number of units that will be…

Q: A merchandising company's sales budget indicates the following sales: January: $25,000; February:…

A: Formula: Credit sales = Total sales x Credit sales percentage.

Q: X-Tel budgets sales of $60,000 for April, S100,000 for May, and $80,000 for June. In addition, sales…

A: A selling expense budget is a plan that forecasts the amount of money that will be spent on selling…

Q: Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $400,000 for…

A: Purchase budget: It implies to a financial forecast that shows the required quantity of material to…

Q: Lexi Company budgets unit sales of 1,510,000 in April, 1,210,000 in May, 320,000 in June, and…

A: A budget that is prepared and used to estimate the required quantity of raw materials is called the…

Q: Carla Vistas, Inc. provided the following budgeted information for March through July:   March…

A: Budgets are the forecasts or estimates that are made for future period. These reflect future…

Q: The management of Jewel Company plans to have a finished goods inventory at the end of each month…

A: Beginning Inventory of a particular month will be equal to ending inventory of immediately preceding…

Q: Conchita Company has the following information: Month           Budgeted Sales March              P…

A: The Calculation of Gross Profit and Cost of sales is as follows. You may kindly note that all…

Q: Champ Incorporated budgets the following sales in units for the coming two months. Each month's…

A: Budgeting means where standard is set for various activities and department , then actual is…

Q: Ratchet Manufacturing's August sales budget calls for sales of 5,000 units. Each month's sales are…

A: Hey, since there are multiple questions posted, we will answer first question. Thank you.

Q: Company A is a wholesale distributor of masks. Company is preparing the budget for April. Sales are…

A: Merchandise means the goods or product in which we deal. If we purchase goods on credit , then total…

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.