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" 12" X 16" Frame Frame East 31,616 15,960 Central 8,058 4,312 West 7,008 3,296 Raphael Frame Company Sales Budget For the Year Ending December 31, 2016 Unit Unit Sales Selling Product and Area Volume Price Total Sales 8" x 10" Frame: East 30,400 $15 $456,000 Central 7,900 15 118,500 Central 7,900 15 118,500 West 7,300 15 109,500 Total 45,600 $684,000 12" X 16" Frame: East 15,200 $16 $243,200 Central 4,400 16 70,400 West 3,200 16 51,200 Total 22,800 $364,800 Total revenue from sales $1,048,800 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 $16 and the unit selling price for the 12" X 16" frame is expected to increase to $18, 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 2016 Actual Over Budget Budget Actual Sales Amount Percent 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) Actual Over Budget Year Ended 2016 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, 2017. Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearest whole unit. 2016 Actual Percentage Increase (Decrease) 2047 Budgeted Units (rounded) Units Actual Increase Budgeted Units (rounded) Units (Decrease) 8" x 10" Frame: East % Central % West % III III 12" X 16" Frame: III III 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 Total Sales 8" x 10" Frame: East Central West Total 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 Total Sales 8" x 10" Frame: East Central West Total 12" X 16" Frame: East 0100 mod Ili ni Central West Total A A Total revenue from sales
