1.Wright company expects cash sales for july of $12,000 and a 20% monthly increa

Question

1.Wright company expects cash sales for july of $12,000 and a 20% monthly increase during August and september. credit sales of $4,000 in July should be followed by 10% decresesd during August and September. what are budgeted cash credit sales for September .

2. Western Outfitters Mountain Sports projected 2008 sales of 75,000 units at a unit sale price of $12.00. Actual 2008 sales were 72,000 units at $ 14.00 per unit. Actual variable costs, budgeted at $4.00 per unit, totaled $4.75 per unit. budgeted fixed costs totaled $375,000 while actual fixed costs amounted to $400,000.

prepare a flexible budget performance report for 2008. ( sales are in the relevant range ).

Explanation / Answer

Ans 1 July Aug Sept Cash Sales 12000 14400 17280 Credit Sales 4000 3600 3240 16000 18000 20520 Ans 2 Units Rate Amount Sales 72000 12 864000 Variable Cost 72000 4 288000 Fixed Cost 375000 Profit 201000

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