m8-ch9 Sales Budget Printem Alger Inc. manufactures six models of leaf blowers and weed eaters. Alger's budgeting team is finalizing the sales budget for the coming year Sales in units and dollars for last year follow Product Number Sold LB-1 14,700 Price ($) 32 Revenue $470,400 LB-2 18,000 20 360,000 WE-5 25,200 15. 378,000 WE-7 16,200 10 162,000 WE-B 6,900 124,200 WE-9 4,000 22 85,000 $1,582,600 Total In looking over the previous year's sales figures, Alger's sales budgeting team recalled the following: a. Model LB-1 is a newer version of the leaf blower with a gasoline engine. The LB-1 is mounted on wheels instead of being carried. This model is designed for the commercial market and did better than expected in its first year. As a result, the number of units of Model LB-1 to be sold was forecast at 250% of the previous year's units b. Models WE-8 and WE-9 were introduced on July 1 of last year. They are lighter versions of the traditional weed eater and are designed for smaller households or condo units. Alger estimates that demand for both models will continue at the previous year's rate. c. A competitor has announced plans to introduce an improved version of model W-6, Alger's traditional weed eater. Alger believes that the model WE-6 price must be cut 40% to maintain unt sales at the previous year's level d. It was assumed that unit sales of all other models would increase by 8%, prices remaining constant