A company expects the following sales for the coming year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units 50,000 40,000 70,000 90,000 Average selling price $6 $6 $6 $8 Budgeted sales revenue for the year is: a. $1,050,000. b. $1,260,000. c. $1,155,000. d. $1,680,000. e. It is impossible to tell from this information.
A company expects the following sales for the coming year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units 50,000 40,000 70,000 90,000 Average selling price $6 $6 $6 $8 Budgeted sales revenue for the year is: a. $1,050,000. b. $1,260,000. c. $1,155,000. d. $1,680,000. e. It is impossible to tell from this information.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 2CMA
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Question
A company expects the following sales for the coming year:
|
1st Quarter |
2nd Quarter |
3rd Quarter |
4th Quarter |
Units |
50,000 |
40,000 |
70,000 |
90,000 |
Average selling price |
$6 |
$6 |
$6 |
$8 |
Budgeted sales revenue for the year is:
a.
$1,050,000.
b.
$1,260,000.
c.
$1,155,000.
d.
$1,680,000.
e.
It is impossible to tell from this information.
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