Manhattan Enterprises manufactures cookware sets and sells the sets to department stores.Manhattan expects to sell 2,100 cookware sets for $260 each in April and 3,900 cookware sets for $275 each in May.Sales are 10% cash and 90% on account.Compute the total budgeted sales for May.
A) $1,072,500
B) $546,000
C) $107,250
D) $965,250

Question

Quizplus · Accepted Answer

B) Budgeted sales for May:
Expected sales × Expected selling price
3,900 sets × $275 = $1,072,500

Manhattan Enterprises Manufactures Cookware Sets and Sells the Sets to Department