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.

Question

Emilia Bass

Business

2 December, 15:32

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.

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Vanessa Figueroa · Answer 1

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