Question
Forecast Sales Volume and Sales Budget For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following
Forecast Sales Volume and Sales Budget
For 20Y8, Raphael Frame Company prepared the sales budget that follows.
At the end of December 20Y8, the following unit sales data were reported for the year:
Unit Sales | ||||
8" 10" Frame | 12" 16" Frame | |||
East | 32,548 | 9,152 | ||
Central | 8,585 | 2,254 | ||
West | 7,663 | 1,632 |
Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 | |||||||
Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales | ||||
8" 10" Frame: | |||||||
East | 31,600 | $16 | $505,600 | ||||
Central | 8,500 | 16 | 136,000 | ||||
West | 7,900 | 16 | 126,400 | ||||
Total | 48,000 | $768,000 | |||||
12" 16" Frame: | |||||||
East | 8,800 | $26 | $228,800 | ||||
Central | 2,300 | 26 | 59,800 | ||||
West | 1,600 | 26 | 41,600 | ||||
Total | 12,700 | $330,200 | |||||
Total revenue from sales | $1,098,200 |
For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8" 10" frame is expected to increase to $17 and the unit selling price for the 12" 16" frame is expected to increase to $28, effective January 1, 20Y9.
Required:
1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y8, 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 20Y8 | Increase (Decrease) Actual Over Budget | ||||||
Budget | Actual Sales | Amount | Percent | ||||
8" 10" Frame: | |||||||
East | | ||||||
Central | | ||||||
West | | ||||||
12" 16" Frame: | |||||||
East | | ||||||
Central | | ||||||
West | |
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