Forecast Sales Volume and Sales Budget For 20Y6, 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" Frame 12" X 16" Frame East 26,775 14,628 Central 6,798 4,018 West 5,856 3,060 Raphael Frame Company Sales Budget For the Year Ending December 31, 2016 Unit Sales Product and Area Unit Selling Price Total Sales Volume 8" x 10" Frame: East 25,500 $32 $816,000 Central 6,600 - 32 211,200 Central 6,600 211,200 32 32 West 6,100 195,200 Total 38,200 $1,222,400 12" x 16' Frame: East 13,800 542 $579,600 172,200 Central 4,100 42 42 West 3,000 126,000 Total 20,900 $877,800 Total revenue from sales $2,100,200 For the year ending December 31, 2017, unit sales are expected to follow the patterns established during the year ending December 31, 20Y6. The unit selling price for the 8" x 10" frame is expected to increase to $33 and the unit selling price for the 12" X 16" frame is expected to increase to 544, 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, Year Ended 2016 Increase (Decrease) Actual Over Budget Year Ended 2016 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, 20Y7. Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearest whole unit. 20Y6 Actual Units Percentage Increase (Decrease) 2017 Budgeted Units (rounded) 8" x 10" Frame: East Central Central West 12" X 16" Frame: East Central West 3. Prepare a sales budget for the year ending December 31, 2017. Raphael Frame Company Sales Budget For the Year Ending December 31, 2047 Product and Area Unit Sales Volume Unit Selling Price 8" x 10" Frame: East Total Sales Central West Total 12" X 16" Frame: East Central West East Central West 3. Prepare a sales budget for the year ending December 31, 2017. Raphael Frame Company Sales Budget For the Year Ending December 31, 2017 Product and Area Unit Sales Volume Unit Selling Price 8" x 10" Frame: Total Sales East Central West 1000 DOO Total 12" X 16" Frame: East Central West Total Total revenue from sales
