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Below is budgeted production and sales information for Octofic Cans, Inc. for the month of March:   Aluminum     Tin Estimated...

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Accounting

Below is budgeted production and sales information for OctoficCans, Inc. for the month of March:

  Aluminum    Tin
Estimated beginning inventory12,000 units6,000 units
Desired ending inventory15,000 units4,000 units
Region I, anticipated sales380,000 units85,000 units
Region II, anticipated sales125,000 units25,000 units


The unit selling price for aluminum cans is $0.15 and for tin cansis $0.20. Budgeted sales for the month are:

a. $97,550.

b. $82,750.

c. $81,550.

d. $123,000.

Answer & Explanation Solved by verified expert
4.2 Ratings (890 Votes)

  • Working:

Working

Aluminum

Tin

Budgeted Sales units:

A

Region 1

                                380,000

                                                85,000

B

Region 2

                                125,000

                                                25,000

C = A+B

Total Sales

                                505,000

                                              110,000

D

Selling price per unit

$                                   0.15

$                                                  0.20

E=C x D

Budgeted Sales

$                         75,750.00

$                                       22,000.00

  • Final Answer

Budgeted Sales:[calculated above]

Aluminium

$                         75,750.00

Tin

$                         22,000.00

Total Budgeted Sales for month

$                         97,750.00 [ANSWER]

*There are no option matching with above figure calculated.

Correct Answer

Option 'a': $ 97,550

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