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prepare a sales budget for 2017 under each plan LATO...

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Accounting

prepare a sales budget for 2017 under each plan
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LATO SCHEEN PRINTER VERSION Question ? Bridgeport Industries had sales in 2016 of $7,200,000 and gross profit of $1,213,000. Management is considering two alternative budget plans to increase its gross profit in 2017. Plan A would increase the selling price per unit from $8.00 to $8.40. Sales volume would decrease by 10% from its 2016 level. Plan would decrease the selling price per unit by so so. The marketing department expects that the sales volume would increase by 102,000 units At the end of 2016, Bridgeport has 45,000 units of inventory on hand. If Plan A is accepted, the 2017 ending Inventory should be equal to 5% of the 2017 sales. If Plan B is accepted, the ending inventory should be equal to 62,000 units. Each unit produced will cost $1.80 in direct labor, $1.40 in direct materials, and $1.20 in variable overhead. The fixed overhead for 2017 should be $1,370,000. (a) Prepare a sales budget for 2017 under each plan (Round it selling mal places, ..52.70.) BRIDGEPORT INDUSTRIES Sales Budget Plan A Plan B Expected unit sales et selling price Total sales VIDEO SIMILAR PROBLEH VIDEO SIMILAR

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