Sale orecast and the mudget Olymous, the manufactures three models of messes the Sleepeze the Pushette, and the Ultima. Forecast sales for next your au 15.540 for the Sleepere, 12,080 for the Pushette, and 4,980 for the ultima Cena Deo, vice president of sales, has provided the following information Salates for the office (Including himself at 104,050, a marketing research antistant at $11.750, and an administrative autant 327,200) are budgeted for $120,000 nast year Deprecation on the offices and equipment is $21.950 per year Office Supplies and other expenses total $18.500 per year. 6. Advertising has been steady at 817.100 per year. However, the ultima is a new product and will require extensive advertising to educate consumers on the unique features of this high-end mattress Gene believes the company should spend 20 percent of first year Ultima cales for a print and television campaign . Commissions on the Sleepetend Plushes are percent of sales. These commissions are paid to Independent jobbers who sell the mattresses to retail stores 1. Last year, thing for the Sleepeze and Pushette lines averaged 545 per unit sold. Gene expects the stimated to ship for $70 per un sold since this model features a larger mattress Required: 1. Sunpose that en considering the sales charios as follow Pessimistic Exicted Optimistic Price Quantity Price Quantity Price Ouantity $120 12.030 3191 15,540 5191 18,240 Puchette 204 0.000 350 12,030 360 14.00 8:50 1,910 050 4.980 4,900 Prepare a venire budget for the sales wision for the coming year for each can Olympus, toe Revenue Budget For the Coming YM 1.10 Pessimistic Expected Ootimisti Sleep Plushette UR Total sales 2. Prepare a flexible expense budget for the sales vision for the three scenarios above required, round answers to the cat dollar Olympun, Inc. Flexible Expense Budget For the coming year Pessimistic Expected Optimisti aries Deprecation Office supplies and other Advertising Sleepee and Pushette Ultima Commissions Shipping: Sleeper Poshte Total Sales Forecast and Flexible Budget Olympus, Inc, manufactures three models of mattresses the Sleepeze, the Plushette, and the Ultima, Forecast sales for next year are 15,540 for the Sleepeze, 12,030 for the Plushette, and 4,980 for the Ultima. Gene Dixon, vice president of sales, has provided the following information: a. Salaries for his office (including himself at $64,050, a marketing research assistant at $37,750, and an administrative assistant at $27.200) are budgeted for $129,000 next year. b. Depreciation on the offices and equipment is $21,850 per year. c. Office supplies and other expenses total $18,500 per year d. Advertising has been steady at $17,100 per year. However, the Ultima is a new product and will require extensive advertising to educate consumers on the unique features of this high-end mattress. Gene believes the company should spend 20 percent of first-year Ultima sales for a print and television campaign. e Commissions on the Sleepeze and Plushette lines are 6 percent of sales. These commissions are paid to Independent jobbers who sell the mattresses to retail stores 1. Last year, shipping for the Sleepeze and Plushette lines averaged $45 per unit sold. Gene expects the ultima line to ship for $70 per unit sold since this model features a larger mattress Required: 1. Suppose that Gene is considering three sales scenarios as follows: Pessimistic Expected Optimistic Price Quantity Price Quantity Price Quantity Sleepeze $170 12.030 $191 15.540 $191 18,240 Plushette 294 9,980 350 12,030 360 14.050 850 1.910 960 4.980 1,170 4.980 Prepare a revenue budget for the Sales Division for the coming year for each scenario. Olympus, Inc. Revenue Budget For the Coming Year Pessimistic Expected Optimistic Sleepeze 2,311.400 X Plushette Ultima Total sales 2. Prepare a flexible expense budget for the Sales Division for the three scenarios above. If required, round answers to the nearest dollar. Olympus, Inc. Flexible Expense Budget For the Coming Year Pessimistic Expected Optimistic Salaries Depreciation 891 Office supplies and other Advertising Sleepeze and Plushette Ultima Commissions Shipping Sleepeze Plushette Ultima Total