Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Forecast Sales Volume and Sales Budget Sentinel Systems Inc. prepared the following sales budget for 20Y8: Sentinel Systems Inc. Sales Budget For the Year Ending

image text in transcribed

image text in transcribedimage text in transcribedimage text in transcribed

Forecast Sales Volume and Sales Budget Sentinel Systems Inc. prepared the following sales budget for 20Y8: Sentinel Systems Inc. Sales Budget For the Year Ending December 31, 2048 Unit Unit Sales Selling Product and Area Volume Price Total Sales Home Alert System: United States 1,700 $200 $ 340,000 Europe 580 200 116,000 Asia 450 200 90,000 Total 2,730 $ 546,000 Business Alert System: United States 980 $750 $ 735,000 Europe 350 750 262,500 Asia 240 750 180,000 Total 1,570 $1,177,500 Total revenue from sales $1,723,500 At the end of December 2018, the following unit sales data were reported for the year: Unit Sales Home Alert Business Alert System System United States 1,734 1,078 Europe 609 329 Asia 432 252 For the year ending December 31, 2019, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the Home Alert System is expected to increase to $250, and the unit selling price for the Business Alert System is expected to be decreased to $820, effective January 1, 2049. Required: 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y8, over budget. Enter any decreases beginning with a minus (-) sign. Unit Sales, Increase (Decrease) Actual Over Budget Year Ended 20Y8 Budget Actual Sales Amount Percent Home Alert System: United States % Europe Asia % Business Alert System: III III III III United States Europe LUU Asia % 2. Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 2049, compute the unit sales volume to be used for preparing the sales budget for the year ending December 31, 2049. Enter any decreases beginning with a minus (-) sign. Round budgeted units to the nearest whole unit. 2019 2018 Actual Percentage Increase (Decrease) Budgeted Units (rounded) Units Home Alert System: United States % Europe % Asia % Business Alert System: United States % Il Europe % III Asia % 3. Prepare a sales budget for the year ending December 31, 2019. Sentinel Systems Inc. Sales Budget For the Year Ending December 31, 2019 Product and Area Unit Sales Volume Unit Selling Price Total Sales Home Alert System: United States Europe Asia Total Business Alert System: United States $ Europe Asia Total Total revenue from sales

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Oracle Privacy Security Auditing Includes HIPAA Regulatory Compliance

Authors: Arup Nanda, Donald K Burleson

2nd Edition

0991638697, 978-0991638697

More Books

Students also viewed these Accounting questions