1. Prepare a sales budget for January The budget director of Hi Performance Athl

Question

1. Prepare a sales budget for January

The budget director of Hi Performance Athletic C0., with the assistance of the controller. treasure, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for January 2012: Estimated sales for January: Estimated inventories at January 1: Desired inventories at January 31: Direct materials used in production: Anticipated cost of purchases and beginning and ending inventory of direct materials: Direct labor requirements: Estimated factory overhead costs for January: Estimated operating expenses for January: Estimated other income and expense for January: Estimated tax rate: 30% Instructions Prepare a sales budget for January.

Explanation / Answer

Sales Budget = Budgeted Qty x Budgeted selling price

Statement showing sales budget

Particulars Batting helmet Football helmet Budgeted Qty - (a)    305 630 Budgeted Selling price/unit - (b) $70 $135 Budgeted Sales (a x b) $21350 $85050

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