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" 10" 12" X 16" Frame Frame East 21,939 11,856 Central 5,555 2,842 West 4,896 1,938 Raphael Frame Company Sales Budget For the Year Ending December 31, 2016 Unit Unit Sales Selling Product and Area Volume Price 8" x 10" Frame: Total Sales East 21,300 $32 $681,600 Central 5,500 32 176,000 West 5,100 32 163,200 Total 31,900 $1,020,800 12" X 16" Frame: East 11,400 $47 $535,800 Central 2,900 47 136,300 West 1,900 47 89,300 Total 16,200 $761,400 Total revenue from sales $1,782,200 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 $33 and the unit selling price for the 12" X 16" frame is expected to increase to $49, effective January 1, 2017. decrease in amount and 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 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 III III % 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. Actual Percentage Increase (Decrease) 2017 Budgeted Units (rounded) Units 8" x 10" Frame: East % Central % West % III III 12" X 16" Frame: III ! 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, 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 Central West Total Total revenue from sales