Manhattan Enterprises manufactures cookware sets and sells the sets to department stores.Manhattan expects to sell 2,400 cookware sets for $200 each in April and 3,500 cookware sets for $215 each in May.Sales are 15% cash and 85% on account.Compute the total budgeted sales for May.
A)$752,500
B)$480,000
C)$112,875
D)$9,594,375

Question

Quizplus · Accepted Answer

B)Budgeted sales for May:
Expected sales × Expected selling price
3,500 sets × $215 = $752,500

Manhattan Enterprises Manufactures Cookware Sets and Sells the Sets to Department