Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Forecast sales volume and sales budget For 20 Y8, 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
image text in transcribed
Forecast sales volume and sales budget For 20 Y8, 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: \begin{tabular}{|c|c|c|} \hline & \begin{tabular}{c} Unit Sales \\ 810n \\ Frame \end{tabular} & \begin{tabular}{l} Unit Sales \\ 1216 \\ Frame \end{tabular} \\ \hline East & 8,755 & 3,686 \\ \hline Central & 6,510 & 3,090 \\ \hline West & 12,348 & 5,616 \\ \hline \end{tabular} Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 \begin{tabular}{|c|c|c|c|} \hline Product and Area & \begin{tabular}{c} Unit Sales \\ Volume \end{tabular} & \begin{tabular}{c} Unit Selling \\ Price \end{tabular} & Total Sales \\ \hline \multicolumn{4}{|l|}{8n10n Frame: } \\ \hline East & 8,500 & $16 & $136,000 \\ \hline Central & 6,200 & 16 & 99,200 \\ \hline West & 12,600 & 16 & 201,600 \\ \hline Total & 27,300 & & $436,800 \\ \hline \multicolumn{4}{|l|}{1216 Frame: } \\ \hline East & 3,800 & $30 & $114,000 \\ \hline Central & 3,000 & 30 & 90,000 \\ \hline West & 5,400 & 30 & 162,000 \\ \hline Total & 12,200 & & $366,000 \\ \hline Total revenue from sales & & & $802,800 \\ \hline \end{tabular} Check My Work indicate decrease in amount and percent. 2. Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 20Yg, 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 amount and 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 20r9, 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 amount and percent. Round budgeted units to the nearest whole unit. Feestack FCheck My Work To calculate the difference subtract budget from actual sales. 3. Prepare a sales budget for the year ending December 31,20 y. 3. Prepare a sales budget for the year ending December 31,20 Y9

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

Forensic Accounting

Authors: Greg Shields

1st Edition

1727480988, 978-1727480986

More Books

Students also viewed these Accounting questions