Question: Budget Practice Problem 1. Royal Company is preparing budgets for the quarter ending June 30th 2. Budgeted sales for the next five months are: April

Budget Practice Problem 1. Royal Company is preparing budgets for the quarter ending June 30th 2. Budgeted sales for the next five months are: April May June July August 15,000 units 20,000 units 50,000 units 30,000 units 25,000 units 3. The selling price is $10 per unit. All sales are on account. Royal's collection pattern is: 70% collected in the month of sale. 25% collected in the month following sale, 5% uncollectible

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