For 2016, Raphael Frame Company prepared the sales budget that follows. At the end of December 2016, the following unit sales data were reported for the year: Unit Sales 8" x 10" 12" x 16" Frame Frame East 24,045 14,416 Central 6,386 3,724 West 5,529 2,754 Product and Area 8" x 10" Frame: Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y6 Unit Unit Sales Selling Volume Price Total Sales East 22,900 $24 $549,600 Central 6,200 24 148,800 West 5,700 24 136,800 Total 34,800 $835,200 Total 34,800 $835,200 12" x 16" Frame: East 13,600 $34 $462,400 Central West 3,800 34 129,200 2,700 34 91,800 Total 20,100 $683,400 $1,518,600 Total revenue from sales For the year ending December 31, 2017, unit sales are expected to follow the patterns established during the year ending December 31, 2016. The unit selling price for the 8" x 10" frame is expected to increase to $25 and the unit selling price for the 12" x 16" frame is expected to increase to $36, effective January 1, 2017. Required: Required: 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 2016, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to the nearest whole percent. Unit Sales, Year Ended 20Y6 Increase (Decrease) 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 2017, compute the unit sales volume to be used for preparing the sales budget for the year ending December 31, 2017. Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearest whole unit. 2. Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 2017, compute the unit sales volume to be used for preparing the sales budget for the year ending December 31, 2017. Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearest whole unit. Percentage Increase (Decrease) 2017 Budgeted Units (rounded) 8" x 10" Frame: East Central West 12" x 16" Frame: East Central West 1000000 % % % % % % 3. Prepare a sales budget for the year ending December 31, 2017. 000000 3. Prepare a sales budget for the year ending December 31, 2017. Product and Area Raphael Frame Company Sales Budget For the Year Ending December 31, 2017 Unit Sales Volume Unit Selling Price 8" x 10" Frame: East Central West Total 12" x 16" Frame: East Central West Total Total revenue from sales $ Total Sales