Forecast Sales Volume and Sales Budget For 20Y6, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y6, the following unit sales data were reported for the year: Unit Sales 8" x 10" 12" x 16" Frame Frame East 26,728 9,975 Central 6,324 2,842 West 5,472 2,163 Raphael Frame Company Sales Budget For the Year Ending December 31, 2016 Product and Area 8" x 10" Frame: East Central West Total Unit Unit Sales Selling Volume Price Total Sales 25,700 $27 $693,900 6,200 27 167,400 5,700 27 153,900 37,600 $1,015,200 4 12" x 16" Frame: East 9.500 542 $399,000 Central 2,900 42 121,800 West Total 2,100 14,500 42 88,200 $609,000 $1,624,200 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 $28 and the unit selling price for the 12" x 16" frame is expected to increase to $44. effective January 1, 2017. Required: 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y6, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to the nearest whole percent. 8" x 10" Frame: East Central West 12" x 16" Frame: East Central West Unit Sales, Year Ended 2016 Budget Increase (Decrease) Actual Over Budget Actual Sales Amount Percent 000 000 000 % % % % % 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. 2016 Actual Percentage Increase 2017 Budgeted Units (rounded) % % Units (Decrease) 8" x 10" Frame: East Central West 12" x 16" Frame: East Central West % % % % 000 000 3. Prepare a sales budget for the year ending December 31, 2017. Product and Area 8" x 10" Frame: Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y7 Unit Sales Volume Unit Selling Price Total Sales East Central West Total 12" x 16" Frame: East Central West Total Total revenue from sales 0000 0000 $ 0000