Please show work for both problems. Thanks! Duke Sports Medicine, Inc., offers t
ID: 2461659 • Letter: P
Question
Please show work for both problems. Thanks! Duke Sports Medicine, Inc., offers two types of physical exams for students: the basic physical and the extended physical. The charge for the basic physical is $105, while the charge for the extended physical is $160. Duke expects to perform 240 basic physicals and 170 extended physicals in July, 250 basic and 230 extended in August, and 75 basic and 90 extended in September. Prepare the sales budget for the second quarter (July through September), with a column for each month and for the quarter in total. Trader Cycles manufactures chainless bicycles. On March 31, Trader Cycles had 220 bikes in inventory. The company has a policy that the ending inventory in any month must be 3056 of the following month's expected sales. Trader Cycles expects to sell the following number of bikes in each of the next four months: Prepare a production budget for the second quarter, with a column for each month and for the quarter.Explanation / Answer
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PARTICULLARS JULY AUGUST SEPTEMBER BASIC EXTENDED BASIC EXTENDED BASIC EXTENDED EXPECTED PRODUCTION (UNITS) 240 170 250 230 75 90 SELLING PRICE PER UNIT $105 $160 $105 $160 $105 $160 BUDGETED SALES REVENUE $25200 $27200 $26250 $36800 $7875 $14400