hi you can tell me answer about this question step by step 1. Royal Company is preparing budgets for the 2nd quarter, which ends on June 30. Budgeted sales of the company’s only product for the next five months are:
The selling price is $10 per unit.
The following elements of the master budget has been prepared:
- Sales budget & a schedule of expected cash collection from April-July
- Production budget. April-July
- Direct materials budget: April-June