Chem-tech is a wholesaler for three chemical compounds, Rex-Z, Sip-X, and Tok-Y. The following information on these
Question:
Demand for Rex-Z has greatly increased and is expected to double in 20B. Sip-X will probably experience a 40% increase in demand, while demand for Tok-Y is expected to remain constant. In line with the industry, sales prices for Sip-X and Tok-Y will increase by 5%; the sales price for Rex-Z will increase by 15%. Unit costs of goods sold are expected to increase by the following amounts: Rex-Z, 25%; Sip-X, 20%; Tok-Y, 10%.
Required:
Prepare a schedule presenting budgeted sales revenue and gross profit, by product, for 20B.
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