Sales Budget FlashKick Company manufactures and sells soccer balls for teams of
ID: 2514606 • Letter: S
Question
Sales Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:
__________Practice Balls_______________________Match Balls
_____Units _______Selling Price __________Units ________Selling Price
January ____50,000 _____$8.25__________7,000 ___________$16.00
February ___58,000_____ $8.25_________ 7,500____________ $16.00
March_____ 80,000_____ $8.25________ 13,000____________ $16.00
April_____ 100,000_____ $8.25________ 18,000_____________ $16.00
Required:
1. Construct a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent.
FlashKick Company
Sales Budget For the
First Quarter of Next Year
________January __________February_______ March______ Quarter
Practice ball:
Units _________?___________?______________?____________?
Unit price _________$ _______$ _____________$____________ $
Sales ____________$ _______$ _____________$____________ $
Match ball:
Units________?__________?________?_______?
Unit price____ $ _________$ ________$ ______$
Sales_______ $ _________$ ________$______ $
Total sales __$__________ $________ $______ $
2. What if FlashKick added a third line—tournament quality soccer balls that were expected to take 40 percent of the units sold of the match balls and would have a selling price of $45 each in January and February, and $48 each in March? Prepare a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. If required, round your answers to the nearest cent.
FlashKick Company
Sales Budget
For the First Quarter
_________January________ February______ March_______ Quarter
Practice ball:
Units______?__________?_________?__________?
Unit price __$__________$_________$ ________$
Sales _____$ _________$________ $__________ $
Match ball:
Units______?_________?_________?__________?
Unit price__ $ ________$ _________$_________ $
Sales _____$________ $_________ $________ $
Tournament ball:
Units______?________?__________?__________?
Unit price __$ _______$__________ $_________ $
Sales_____ $_______ $__________ $_________ $
Total sales___ $_____ $__________ $_________ $
Explanation / Answer
Answers
January
February
March
Quarter
PRACTICE BALL:
Units
50000
58000
80000
188000
Unit price ($)
8.25
8.25
8.25
8.25
Sales ($)
412500
478500
660000
1551000
MATCH BALL
Units
7000
7500
13000
27500
Unit price ($)
16
16
16
16
Sales ($)
112000
120000
208000
440000
Total Sales ($)
524500
598500
868000
1991000
January
February
March
Quarter
PRACTICE BALL:
Units
50000
58000
80000
188000
Unit price ($)
8.25
8.25
8.25
8.25
Sales ($)
412500
478500
660000
1551000
MATCH BALL
Units
7000
7500
13000
27500
Unit price ($)
16
16
16
16
Sales ($)
112000
120000
208000
440000
TOURNAMENT BALL:
Units
2800
3000
5200
11000
Unit Price ($)
45
45
48
Sales ($)
126000
135000
249600
510600
Total Sales ($)
$650,500
$733,500
$1,117,600
$2,501,600
January
February
March
Quarter
PRACTICE BALL:
Units
50000
58000
80000
188000
Unit price ($)
8.25
8.25
8.25
8.25
Sales ($)
412500
478500
660000
1551000
MATCH BALL
Units
7000
7500
13000
27500
Unit price ($)
16
16
16
16
Sales ($)
112000
120000
208000
440000
Total Sales ($)
524500
598500
868000
1991000
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