Slopes, Inc. manufactures and sells snowboards. In October 2015, Slopes\' CEO ex

Question

Slopes, Inc. manufactures and sells snowboards. In October 2015, Slopes' CEO expects to sell 1,000 snowboards during 2016 at an estimated retail price of $450 per board. Further, the CEO expects 2016 beginning inventory of 100 snowboards and would like to end 2016 with 200 snowboards in stock. Required: 1. Prepare the sales revenues budget for 2016. Prepare the production budget for 2016 2. Sales Revenue Budget for Year 2016 Units Selling Price 1,000 Production Budget for Year 2016 450 $450,000 Budgeted sales in units +ending FOG -beginning FG Budgeted production in units Units 1,000 200 100 1,100

Explanation / Answer

1. Sales revenue budget for 2016

2. Production budget for year 2016

a. Budgeted sales (In units) 1,000 b. Retail price (or selling price) per unit $450 Sales revenue [a x b] $450,000

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