Question 1 1 pts Last year, Garrison Manufacturing sold 500 000 units at $4 each. Sales volume is expected to increase by 15% in the upcoming year, and sales price is expected to decrease by 5% in the upcoming year. The expected sales revenue for the upcoming year is: $2 255 000 $2 000 000 $2 645 000 $2 185 000 > Question 2 1 pts In 2016, Truman Products sold 950 000 units at $8 each. Sales volume is expected to increase by 10 per cent in 2017 while the price of each unit is expected to decrease by 10 per cent. The expected sales revenue for 2017 is: $7 524 000 $7 573 500 $7 106 000 $6 885 000 > Question 3 1 pts Woodsman Inc. produces a variety of wood finishing products including litres of varnish that it manufactures and packages under its own name. The company has computed the required production of litres of varnish it will need for the first three months of 2017 as follows: January February March 300 000 litres 340 000 litres 400 000 litres Each litre of varnish requires 10 grams of a special chemical. This chemical costs $0.4 per gram. The company has determined that it needs 20 per cent of next month's raw material needs on hand at the end of each month. The cost of the direct material that should be purchased in February is: $920 000 $1 408 000 $950 000 $1 232 000