Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Book Forecast Sales Volume and Sales Budget For 2018, Raphael Frame Company prepared the sales budget that follows: At the end of December 20y8, the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Book Forecast Sales Volume and Sales Budget For 2018, Raphael Frame Company prepared the sales budget that follows: At the end of December 20y8, the following unit sales data were reported for the year: Unit Sales 8" x 10" 12" X 16" Frame Frame East 19,635 15.900 Central 4,635 West 3.936 5,406 Raphael Frame Company Sales Budget For the Year Ending December 31, 2018 Unit Unit Sales Product and Area Selling Volume Total Sales Price 6.370 8" x 10" Frames East 18,700 $34 $635,800 153,000 Central 4,500 34 West 34 139,400 4,100 27,300 Total 5928,200 12" X 16" Frame: East $49 15,000 6,500 $735,000 318,500 Central Previous Next Check My Work All work saved Email instructor Save and Submit Assignment for Grad ebook We 5,300 49 259,700 Total 26,800 $1,313,200 Total revenue from sales $2,241,400 For the year ending December 31, 2019, unit sales are expected to follow the patterns established during the year ending December 31, 2078. The unit selling price for the 8" x 10" frame is expected to increase to $35 and the unit selling price for the 12* * 16" frame is expected to increase to $51, effective January 1, 2019 Required: 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 2018, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to the nearest whole percent Unit Sales, Increase (Decrease) Year Ended 2018 Actual Over Budget Budget Actual Sales Amount Percent 8" X 10" Frame: East Central West 12" X 16" Frame: East I) Central West 2. Assuming that the increase or o Accounting numeric field budget indicated in part (1) is to continue in 2009, compute the unit sales volume to be used for preparing the sales budget for the year ending December 31, 2019. Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearest whole unt 2018 Percentage 2019 Actual Increase Budgeted Units (Decrease) Units (rounded)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advances In Quantitative Analysis Of Finance And Accounting (Vol. 5)

Authors: Lee Cheng Few

1st Edition

9812706283, 9789812706287

More Books

Students also viewed these Accounting questions

Question

What is the difference between ARPANET and the Internet?

Answered: 1 week ago