Prepare Sales Budget for the year 2021 from the following particulars. A company manufactures two...
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Accounting
Prepare Sales Budget for the year 2021 from the following particulars.
A company manufactures two articles X and Y. Sales for the year 2021 was planned as follows:
Product
1st Quarter
Units
2nd Quarter
Units
3rd Quarter
Units
4th Quarter
Units
Product X
1000
1500
1700
2000
Product Y
500
600
700
800
Selling price were OMR 10 per unit for Product X and OMR 5 per unit for Product Y. Average sales return to be @ 10% of sales and the discounts amount to 2% of the total sales
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