LearnCo LearnCo manufactures and sells one product, an abacus for classroom use, with two models, the Basic model and the Deluxe model. The company began operations on January 1, 20Y1, and is pla preparing budgets from its master budget. The company is trying to decide how many units to manufacture, how much it might spend on direct materials and direct labor, and what their factory overhead expenses might be. In addition, the co administrative costs, and in creating a budgeted income statement showing a prediction of net income for 20Y2. You have been asked to assist the controller of LearnCo in preparing the 20Y2 budgets.

The unit price for the basic abacus is $ 7.00 and the unit price for the deluxe abacus is $ 13.00. In total, 36,000 units of each are sold per year.

To know the number of units that are sold per year of the basic abacus, it is necessary to divide the total profits ($ 252,000) in the price per unit of each basic abacus ($ 7.00)

$ 252,000 / $ 7.00 = 36,000

This means that 36,000 units of each type of abacus are sold per year. On the other hand, to know the unit value of each deluxe abacus, it is necessary to divide the total deluxe abacus sales ($ 468,000) by the number of deluxe abacus units sold per year (36,000)

$ 468,000 / 36,000 = $ 13.00

So each deluxe abacus unit is worth $ 13.00. In total, buying one unit of each abacus would be worth $ 20.00

Note: The question is incomplete because there is some information missing. Here is the missing information:

You have been asked to assist the controller of LearnCo in preparing the 20Y2 budgets.

Sales Budget

The sales budget often uses the prior year’s sales as a starting point, and then sales quantities are revised for various factors such as planned advertising and promotion, projected pricing changes, and expected industry and general economic conditions. LearnCo has completed reviewing its prior year’s sales and has prepared the sales budget below.

After reviewing LearnCo’s sales budget, you note that three numbers have been omitted. The company’s controller has told you that the units sold for the Basic and Deluxe models are expected to be the same. Fill in the missing amounts.

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