E6-21 (similar to) Question Help In 2017, Howell & Sons, a small environmental-testing firm, performed 12,400 radon tests for $250 each and 16,000 lead tests for $230 each. Because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 13% next year. However, awareness of radon-related health hazards is expected to result in a 5% increase in radon-test volume each year in the near future, Jim Howell feels that he lowers his price for lead testing to $220 per test, he will have to face only a 7% decline in lead-test sales in 2018. Read the requirements. Requirement 1. Prepare the sales budget for Howell & Sons assuming that prices are held at 2017 levels. Requirements - X Sales Budget For the Year Ended December 31, 2018 Total revenues Radon tests Lead tests 1. Prepare a 2018 sales budget for Howell & Sons assuming that Howell holds prices at 2017 levels. 2. Prepare a 2018 sales budget for Howell & Sons assuming that Howell lowers the price of a lead test to $220. Should Howell lower the price of a lead test in 2018 if the company's goal is to maximize sales revenue? Total Print Done