Culinary Enterprises manufactures cookware sets and sells th

Culinary Enterprises manufactures cookware sets and sells the sets to department stores. Culinary expects to sell 2600 cookware sets for $220 each in April and 3000 cookware sets for $235 each in May. Sales are 25% cash and 75% on account. Compute the total budgeted sales for May. $705,000 $528,750 $176,250 $572,000

Solution

Budgeted Sales for May: May A Budgeted Units to be Sold 3000 B Budgeted Sales Price 235 A*B Budgeted Sales for May: 705000 Answer is $705,000