Best Fit Ltd sells boxes and handles from their store in Malaga. You have been requested to prepare a sales budget for the quarter ending 30 June 2021, showing each month separately. The budget will be expressed in both units and in dollars. Using data available from the local Business Association (as per organisational policy 5), it is anticipated that the total market in metropolitan Perth during the period of the budget, will be as follows: Boxes 1,250,000 units Handle 1,500,000 units The Group is expected to have a market share of 12% of the boxes and 15% of the handles from the total Perth's market. The sales volumes are expected to be the same for both boxes and handles and are as follows: April 40% May 30% June 30% Total 100% Unit selling prices on 31 March 2021 are: Boxes $ 25.00 Handles $ 10.00 A price increase will apply from 1 May 2021, with the box price increasing by 4% and the handle price increasing by 5%. 

Required: Prepare the Sales Budget for the June Quarter 2021.

Answer rating: 100% (QA)

To prepare the sales budget for the June quarter 2021 we will calculate the expected sales volume an... View the full answer