Forecast Sales Volume and Sales Budget

Guardian Framing Inc. prepared the following sales budget for 2016: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" 10" frame is expected to increase to $36 and the unit selling price for the 12" 16" frame is expected to increase to $47, effective January 1, 2017.

Guardian Framing Inc. Sales Budget For the Year Ending December 31, 2016 Unit Unit Sales Product and Area Selling Total Sales Price 8 x 10 Frame: 19,000 4,600 4,200 27,800 $35 35 35 665,000 161,000 147,000 $973,000 Total 12 x 16" Frame: 13,500 5,700 4,600 23,800 $45 607,500 256,500 207,000 $1,071,000 $2,044,000 45 West 45 Total Total revenue from sales At the end of December 2016, the folowing unit sales data were reported for the year Unit Sales 8" x 10" 12" 16' 19,950 4,738 4,032 14,310 5,586 4,738 East Central