Exercises 1: Questions for discussion1. Describe the items reflected in the sales budget.2. List the items included in the production budget3. Identify the items that comprise the operating budgetExercises 2: Word ProblemsRoel Trading Company presents the actual sales for the first threemonths of year 2019 in its own products as follows:Product BP 540,000P 567,000P 595,350Product ATotal SalesJanauryFebruaryMarchP 880,000P 941,000P 1,006,750The business expects that the trends for the past three months willP 340,000P 374,000P 411400continue in April and May 2019.Required: Determined the projected sales for April and May 2019for the two products. Round the amounts to thousand pesos.

The question is related to Budgetary Control. The details are given regarding the same.

1. Describe the items reflected in the sales budget. 2. List the items included in the production budget 3. Identify the items that comprise the operating budget Exercises 2: Word Problems Roel Trading Company presents the actual sales for the first three months of year 2019 in its own products as follows: Product A Product B Total Sales Janaury February March P 880,000 P 941,000 P 1,006,750 The business expects that the trends for the past three months will P 340,000 P 374,000 P 411400 P 540,000 P 567,000 P 595,350 continue in April and May 2019. Required: Determined the projected sales for April and May 2019 for the two products. Round the amounts to thousand pesos.

1. Describe the items reflected in the sales budget. 2. List the items included in the production budget 3. Identify the items that comprise the operating budget Exercises 2: Word Problems Roel Trading Company presents the actual sales for the first three months of year 2019 in its own products as follows: Product A Product B Total Sales Janaury February March P 880,000 P 941,000 P 1,006,750 The business expects that the trends for the past three months will P 340,000 P 374,000 P 411400 P 540,000 P 567,000 P 595,350 continue in April and May 2019. Required: Determined the projected sales for April and May 2019 for the two products. Round the amounts to thousand pesos.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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NO. 3. Budgeting No.1 ANGEL Trading Company presents the actual sales for the first three months of year 2019 on its two products as follows: Total Sales 880,000 941,000 1,006,750 1,214,520 1,353,461 The business expects that the trends for the past three months will continue in June and July 2019. Product AB Product XY January February March April May 340,000 374, 000 411,400 529,200 599,250 540,000 576,000 593,350 685,320 754,211 Required: Determine the projected sales for June and July 2019 for the two products. Round the amounts to thousand pesos.
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