Locksafe company manufactures burglar-resistant commercial door locks. Recently, the company began selling locks on the web, and the company expects sales to increase dramatically compared with the prior year. For the past year, 2011, unit sales were as follows:

First quarter 23,000 units

Second quarter 28,000 units

Third quarter 27,000 units

Fourth quarter 32,000 units

REQUIRED:

Assume that sales for each quarter in 2012 will be 25% higher than they were in 2011 and the selling price per lock is $15 Prepare a sales budget by quarter for 2012.

Locksafe Company sales budget for the year ending December 31, 2012

Quarter1 Quarter2 Quarter3 Quarter4 Year

Sales for 2011 in units _______ ______ ______ ______ ___

Projected sales at 125%

of prior year _______ _______ ______ ______ ___

Sales price per unit _______ _______ ______ ______ ___

Budgeted revenue for 2012 _______ _______ ______ ______ ___