EBK COST ACCOUNTING
EBK COST ACCOUNTING
15th Edition
ISBN: 9780133812763
Author: Rajan
Publisher: VST
Question
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Chapter 6, Problem 6.16E

1.

To determine

Sales Budget:

The sales budget is the budget prepared to estimate the revenue, the expected number of units to be sold and the expected selling price for each product. The sales budget is the first step for an operating budget and the basis for the production and cost of goods sold budget.

To prepare: The sales budget assuming that the prices are held at 2015 level.

2.

To determine

To prepare: The sales budget for 2015 assuming that the company lowers the price for LT and should the company needs to lower the price of LT if it has to maximize revenue.

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