Question

Yancy Company manufactures luggage sets. Yancy sells its luggage sets to department stores. Yancy expects to sell 2 comma 000 luggage sets for $ 205 each in January and 2 comma 350 luggage sets for $ 205 each in February. All sales are cash only. Prepare the sales budget for January and February.

Answer 1

Answer:

Sales budget:

January= $410,000

February= $481,750

Explanation:

Giving the following information:

Yancy expects to sell 2,000 luggage sets for $205 each in January and 2,350 luggage sets for $ 205 each in February.

A sales budget is simply multiplying the unitary sales price for the number of units sold.

Sales budget:

January= 2,000*205= $410,000

February= 2,350*205= $481,750