Answered: What is the expected revenue for the…

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 34E: A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and...

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D’Lightful Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months of the year are as follows:

Month	Sales
October	10,000
November	14,000
December	13,000

Finished goods inventory
at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. The company expects to sell the lamps for $25 each. January 2018 sales is projected
at 16,000 lamps.

What is the expected revenue for the three months from October to December?

Question 17 options:

$250,000

$925,000

$325,000

$343,750

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