Answered step by step
Verified Expert Solution
Question
00
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
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, 2018 Unit Unit Sales Selling Price Product and Area Volume 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: 980 $750 $ 735,000 United States 350 750 Europe 262.500 240 750 180,000 Asia 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, 2018 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 E decreased to $820, effective January 1, 2019. Required: 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 2018, over budget. Enter any decreases beginning with a minus (-) sign. Unit Sales, Year Ended 2018 Increase (Decrease) Actual Over Budget 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 2018, over budget. Enter any decreases beginning with a minus (-) sign. Unit Sales, Increase (Decrease) Actual Over Budget Year Ended 2018 Budget Actual Sales Amount Percent Home Alert System: United States % Europe 9% Asia 9%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started