budgets

Question 1

budgets format - revenue

Answer 1

Revenue
Last years selling price = rev i.s (income statement) divide by amount of units
Next years selling price = Last years selling price x unit selling price %
Next years number of units = units i.s x number of sales unit %
Next years revenue = Next years selling price x Next years number of units

Question 2

Cost of Sales

Answer 2

Next years opening inventory = Last years closing inventory
Next year’s opening inventory = closing inv units valued at i.s

Last year’s purchase price = purchases i.s divide by units
Next year’s purchase price per unit = last years purchase price + the amount increased/decreased

Next year’s closing inventory = (closing inv units x % increased/decreased) x next yes purchase price per unit

closing inv opening units + Purchased units - sold units = units in closing inv after decrease
Purchased units = new closing inv units - last closing inv units + sold units
purchases = purchased units x Next year’s purchase price per unit