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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 16,900, 13,900, and 19,900 units, respectively. Current year selling price is $100. 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 16,900 February 12,900 10 % 10 % March 19,900 10 % Total 10 % Budgeted sales (units) Budgeted selling price Budgeted total sales $ 0 $ 0 $ 0 $ 0
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