Forecast Sales Volume and Sales Budget 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 g" x 10" 12" x 16" Frame Frame East 26,780 15,392 Central 7,070 6,076 West 6,305 5,100 Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y6 Unit Selling Unit Sales Price Product and Area Volume Total Sales a" x 10" Frame: East 26,000 $25 $650,000 Central 7,000 25 175,000 West 6,500 25 162,500 Total 39,500 $907.500 12" x 16" Frame: East 14,800 $26 $384,800 Central 6,200 26 161,200 West 5,000 26 130,000 Total 26,000 $676,000 Total revenue from sales $1,663,500 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 $26 and the unit selling price for the 12" x 16" frame is expected to increase to $28, effective January 1, 2017. 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, Increase (Decrease) Year Ended 20Y6 Actual Over Budget Budget Actual Sales Amount Percent 8" x 10" Frame: East Central West 12" x 16" Frame: East Central West2. 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. 2016 Percentage 20Y7 Actual Increase Budgeted Units (Decrease) Units (rounded) "" x 10" Frame: East Central 12" x 16" Frame: East Central 3. Prepare a sales budget for the year ending December 31, 2017. Raphael Frame Company Sales Budget For the Year Ending December 31, 2097 Product and Area Unit Sales Volume Unit Selling Price Total Sales B" x 10" Frame: S East Central West Total 12" x 16" Frame: $ East Central West Total Total revenue from sales 10 more Check My Work uses remaining