Item1

2.85points

eBookHint

Print

References

Check my workCheck My Work button is now enabled

Item 1

Mini-Exercise 14-1 (Algo) Sales forecast and budget LO 14-4

ABC Companys actual unit sales in the current year for January, February, and March were 15,300, 12,300, and 18,300 units, respectively. Current year selling price is $80. An analysis of general economic trends and specific initiatives at ABC forecasts increases for the coming budget year: sales volume by 10% and sales price by 5%.

Required:

Prepare ABC Companys budgeted unit sales and total sales volume for the first quarter of the coming year.