Fantastic Futons manufactures futons. The estimated number of futon sales for th

Question

Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2010 are as follows: January 40,000 February 50,000 March 60,000 Finished goods inventory at the end of 2009 was 12,000 units. On average, 25 percent of the futons are produced during the month before they are sold, which normally accounts for the ending balance in finished goods inventory. The planned selling price is $150 per unit.What would be the sales budget for March? Answer a. $6,750,000 b. $8,000,000 c. $7,200,000 d. $9,000,000 Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2010 are as follows: January 40,000 February 50,000 March 60,000 Finished goods inventory at the end of 2009 was 12,000 units. On average, 25 percent of the futons are produced during the month before they are sold, which normally accounts for the ending balance in finished goods inventory. The planned selling price is $150 per unit.What would be the sales budget for March? Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2010 are as follows: January 40,000 February 50,000 March 60,000 Finished goods inventory at the end of 2009 was 12,000 units. On average, 25 percent of the futons are produced during the month before they are sold, which normally accounts for the ending balance in finished goods inventory. The planned selling price is $150 per unit.What would be the sales budget for March? $6,750,000 $8,000,000 $7,200,000 $9,000,000 January 40,000 February 50,000 March 60,000

Explanation / Answer

Sale = 60000*150 = $9000,000

d. $9,000,000

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