Question
For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for
For 20Y8, 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" 10" Frame | 12" 16" Frame | |||
East | 22,785 | 11,660 | ||
Central | 5,768 | 2,940 | ||
West | 5,044 | 2,163 |
Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 | |||||||
Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales | ||||
8" 10" Frame: | |||||||
East | 21,700 | $20 | $434,000 | ||||
Central | 5,600 | 20 | 112,000 | ||||
West | 5,200 | 20 | 104,000 | ||||
Total | 32,500 | $650,000 | |||||
12" 16" Frame: | |||||||
East | 11,000 | $30 | $330,000 | ||||
Central | 3,000 | 30 | 90,000 | ||||
West | 2,100 | 30 | 63,000 | ||||
Total | 16,100 | $483,000 | |||||
Total revenue from sales | $1,133,000 |
For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8" 10" frame is expected to increase to $21 and the unit selling price for the 12" 16" frame is expected to increase to $32, effective January 1, 20Y9.
Required:
1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y8, 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 20Y8 | Increase (Decrease) Actual Over Budget | ||||||
Budget | Actual Sales | Amount | Percent | ||||
8" 10" Frame: | |||||||
East | fill in the blank 8c813401707c03f_1 | fill in the blank 8c813401707c03f_2 | fill in the blank 8c813401707c03f_3 | fill in the blank 8c813401707c03f_4 % | |||
Central | fill in the blank 8c813401707c03f_5 | fill in the blank 8c813401707c03f_6 | fill in the blank 8c813401707c03f_7 | fill in the blank 8c813401707c03f_8 % | |||
West | fill in the blank 8c813401707c03f_9 | fill in the blank 8c813401707c03f_10 | fill in the blank 8c813401707c03f_11 | fill in the blank 8c813401707c03f_12 % | |||
12" 16" Frame: | |||||||
East | fill in the blank 8c813401707c03f_13 | fill in the blank 8c813401707c03f_14 | fill in the blank 8c813401707c03f_15 | fill in the blank 8c813401707c03f_16 % | |||
Central | fill in the blank 8c813401707c03f_17 | fill in the blank 8c813401707c03f_18 | fill in the blank 8c813401707c03f_19 | fill in the blank 8c813401707c03f_20 % | |||
West | fill in the blank 8c813401707c03f_21 | fill in the blank 8c813401707c03f_22 | fill in the blank 8c813401707c03f_23 | fill in the blank 8c813401707c03f_24 % |
2. Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 20Y9, compute the unit sales volume to be used for preparing the sales budget for the year ending December 31, 20Y9. Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearest whole unit.
20Y8 Actual Units | Percentage Increase (Decrease) | 20Y9 Budgeted Units (rounded) | |||
8" 10" Frame: | |||||
East | fill in the blank 8c813401707c03f_25 | fill in the blank 8c813401707c03f_26 % | fill in the blank 8c813401707c03f_27 | ||
Central | fill in the blank 8c813401707c03f_28 | fill in the blank 8c813401707c03f_29 % | fill in the blank 8c813401707c03f_30 | ||
West | fill in the blank 8c813401707c03f_31 | fill in the blank 8c813401707c03f_32 % | fill in the blank 8c813401707c03f_33 | ||
12" 16" Frame: | |||||
East | fill in the blank 8c813401707c03f_34 | fill in the blank 8c813401707c03f_35 % | fill in the blank 8c813401707c03f_36 | ||
Central | fill in the blank 8c813401707c03f_37 | fill in the blank 8c813401707c03f_38 % | fill in the blank 8c813401707c03f_39 | ||
West | fill in the blank 8c813401707c03f_40 | fill in the blank 8c813401707c03f_41 % | fill in the blank 8c813401707c03f_42 |
3. Prepare a sales budget for the year ending December 31, 20Y9.
Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales |
8" 10" Frame: | |||
East | fill in the blank 0ebd5bffefa9ff7_1 | $fill in the blank 0ebd5bffefa9ff7_2 | $fill in the blank 0ebd5bffefa9ff7_3 |
Central | fill in the blank 0ebd5bffefa9ff7_4 | fill in the blank 0ebd5bffefa9ff7_5 | fill in the blank 0ebd5bffefa9ff7_6 |
West | fill in the blank 0ebd5bffefa9ff7_7 | fill in the blank 0ebd5bffefa9ff7_8 | fill in the blank 0ebd5bffefa9ff7_9 |
Total | fill in the blank 0ebd5bffefa9ff7_10 | $fill in the blank 0ebd5bffefa9ff7_11 | |
12" 16" Frame: | |||
East | fill in the blank 0ebd5bffefa9ff7_12 | $fill in the blank 0ebd5bffefa9ff7_13 | $fill in the blank 0ebd5bffefa9ff7_14 |
Central | fill in the blank 0ebd5bffefa9ff7_15 | fill in the blank 0ebd5bffefa9ff7_16 | fill in the blank 0ebd5bffefa9ff7_17 |
West | fill in the blank 0ebd5bffefa9ff7_18 | fill in the blank 0ebd5bffefa9ff7_19 | fill in the blank 0ebd5bffefa9ff7_20 |
Total | fill in the blank 0ebd5bffefa9ff7_21 | $fill in the blank 0ebd5bffefa9ff7_22 | |
Total revenue from sales | $fill in the blank 0ebd5bffefa9ff7_23 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started