Culinary Enterprises manufactures cookware sets and sells the sets to department stores.Culinary expects to sell 2800 cookware sets for $280 each in April and 4000 cookware sets for $295 each in May.Sales are 30% cash and 70% on account.Compute the total budgeted sales for May.
A) $1,180,000
B) $784,000
C) $354,000
D) $826,000

Question

Quizplus · Accepted Answer

The total budgeted sales for May are calculated by multiplying the number of cookware sets expected to be sold in May (4000 sets) by the selling price per set ($295). So, 4000 sets * $295/set = $1,180,000.

Culinary Enterprises Manufactures Cookware Sets and Sells the Sets to Department