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Mini-Exercise 14-1 (Algo) Sales forecast and budget LO 4 ABC Company's actual unit sales in the current year for January, February, and March was
Mini-Exercise 14-1 (Algo) Sales forecast and budget LO 4 ABC Company's actual unit sales in the current year for January, February, and March was 17,000, 14,000, and 20,000 units, respectively. Current year selling price is $40. 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 Company's budgeted unit sales and total sales volume for the first quarter of the coming year. January Current sales (units) Budgeted volume increase Budgeted sales (units) Budgeted selling price Budgeted total sales % February % March % Total %
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