Posted: June 6th, 2016
2. If the company has sales of $12,000 during January of the fi rst year of business, determine the amount of variable and fi xed costs associated with utilities and maintenance using the high-low method for each. (Round unit variable costs to three decimal places where necessary.) 3. Using the format below, prepare a sales budget for the year ending 2013. Sweats Galore, Inc. Sales Budget For the Year Ended December 31, 2013 Quarter 1 2 3 4 Year Expected unit sales Unit selling price Budgeted sales revenue 4. Prepare a schedule of expected collections from customers. Sweats Galore, Inc. Schedule of Expected Collections from Customers For the Year Ending December 31, 2013 Quarter 1 2 3 4 Accounts receivable 1/1/13 –0– First quarter Second quarter Third quarter Fourth quarter Total collections
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