COSTS AND BUDGET Sales and production budgets. Sales: March $ 280,000 April $ 350,000 May $ 421,000
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Question:
COSTS AND BUDGET
Sales and production budgets.
Sales:
March $ 280,000
April $ 350,000
May $ 421,000
June $ 350,000
Marketing margin = 25% of sales
Initial inventory March = $ 29,000
Final inventory of the month = 40% of sales
Make sales budget
Make production budget
Recognize the characteristics of both budgets
Expert Answer:
To make the sales budget 1 Start with the given sales figures for each month March April May and Jun... View the full answer
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