2. The management of Zigby Manyfacturing prepares the following estimates balanc

Question

2. The management of Zigby Manyfacturing prepares the following estimates balance sheet for March 2017: To prepare a master budget for April, May and June of 2017, management gathers the following information: The Cash Finished goods inventory Equipment, gross Equipment, net Short-ters notes payable 235,??? Comton stock To prepare a master budget for Apri. May and June of 2017 management gathers the following Information 23.200. Sales of 257000 units are forecastec forithe entre yest The product's sel ng price is $25 00 perunt and cost is $20 50 per unit a. Sales for March total 23.200 units. Forecasted sales in units are as follows Apmil 23 200, May. 17100 June. 2 19o0

Explanation / Answer

As per policy only first four questions will be answered

Part 1

Part 2

18,560

(23200*80%)

(17,520)

Part 3

5,235

(10470*50%)

5,735

(11470*50%)

Part 4

ZIGBY MANUFACTURING Sales Budget April, May, and June 2017 Budgeted Unit Sales Budgeted Unit Price Budgeted Total Dollars April 2017 23,200 $25.00 580,000 May 2017 17,100 25.00 427,500 June 2017 21,900 25.00 547,500 Totals for the quarter 62,200 $25.00 1,555,000

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