3 PR 22-1A Forecast sales volume and sales budget OBJ. 4 For the current year, Raphael Frame Company prepared the sales budget shown at the top of the next page. At the end of December 2014, the following unit sales data were reported for the year: Unit Sales 8" x 10" Frame 12" X 16" Frame East 8,755 3,686 Central 6,510 3,090 12,348 5,616 West 6.200 Raphael Frame Company Sales Budget For the Year Ending December 31, 2014 Unit Sales Unit Selling Total Product and Area Volume Price Sales 8" x 10" Frame: East.. 8.500 $16 $136,000 Central 16 99,200 West 12,600 16 201,600 Total 27,300 $436,800 12" x 16" Frame: East 3,800 $30 $114,000 Central 3,000 30 90,000 West 5,400 30 162,000 Total 12.200 $366,000 Total revenue from sales $802,800 For the year ending December 31, 2015, unit sales are expected to follow the patterns established during the year ending December 31, 2014. The unit selling price for the 8" x 10" frame is expected to increase to $17 and the unit selling price for the 12" X 16" frame is expected to increase to $32, effective January 1, 2015. Instructions 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 2014, over budget. Place your answers in a columnar table with the following format: Unit Sales, Increase (Decrease) Year Ended 2014 Actual Over Budget Budget Actual Sales Amount Percent 8" x 10" Frame: East. Central West 12" X 16" Frame: East Central West 2. Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 2015, compute the unit sales volume to be used for preparing the sales budget for the year ending December 31, 2015. Place your answers in a columnar table similar to that in part (1) above but with the following column heads. Round budgeted units to the nearest unit. 2014 Percentage 2015 Increase Budgeted Units (Decrease) Units (rounded) 3. Prepare a sales budget for the year ending December 31, 2015. Actual Un Sales, Year Ended 2014 Budget Actual Sales Inc (Decrease Actus Over Budget Amount Percent n/a na 8x 10" Frame East Central West 12" X 16" Frame: East Central West na FALSE na 2014 2015 Budgeted Units frounded Percentage Increase Decrease Actual Units nia 8 x 10" Frame: East Central West 12" x 16Frame: East Central West n/a RAPHAEL FRAME COMPANY Sales Budget For the Year Ending December 31, 2015 Unit Sales Unit Selling Volume Price Total Sales na na Product and Area &* x 10" Frame East Central West Total 12" X 16" Frame East Central West Total Total revenue from sales