Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sales Budget Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475, and the S12L5 sells for $300. Projected

Sales Budget

Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows:

S12L7 S12L5
First quarter, 20X1 800 1,300
Second quarter, 20X1 2,200 1,400
Third quarter, 20X1 5,600 5,300
Fourth quarter, 20X1 4,600 3,900
First quarter, 20X2 900 1,200

The vice president of sales believes that the projected sales are realistic and can be achieved by the company.

Required:

Prepare a sales budget for each quarter of 20X1 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer.

Stillwater Designs
Sales Budget
For the Year Ended December 31, 20X1
1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year
S12L7:
Units
Price $ $ $ $ $
Sales $ $ $ $ $
S12L5:
Units
Price $ $ $ $ $
Sales $ $ $ $ $
Total sales $ $ $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Planning A Risk Based Approach

Authors: K. H. Spencer Pickett

1st Edition

047169052X, 978-0471690528

More Books

Students also viewed these Accounting questions

Question

can a private market provide fresh air good on its own

Answered: 1 week ago

Question

b. Where did they come from?

Answered: 1 week ago