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some are answered, need answers for the ones that are wrong eBook Forecast Sales Volume and Sales Budget For 2018, Raphael Frame Company prepared the
some are answered, need answers for the ones that are wrong
eBook Forecast Sales Volume and Sales Budget For 2018, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: Unit Sales 8" x 10" 12" X 16" Frame Frame East 23,816 15,330 Central 6,324 4,900 West 5,529 3,914 Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 Unit Unit Sales Product and Area Selling Total Sales Volume Price 8" x 10" Frame: East 22,900 $32 $732,800 Central 6,200 32 198,400 West 5,700 32 182,400 34,800 $1,113,600 14,600 $613,200 5,000 210,000 3,800 159,600 23,400 $982,800 $2,096,400 Total 12" x 16 Frame: East Central West Total Total revenue from sales $42 42 42 Total revenue from sales $2,096,400 For the year ending December 31, 2019, unit sales are expected to follow the patterns established during the year ending December 31, 2018. The unit selling price for the 10" frame is expected to increase to $33 and the unit selling price fo the 11" x 16" frame is expected to increase to $44, effective January 1, 2019, Required 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 2018, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to the nearest whole percent. Increase (Decrease) Unit Sales, Year Ended 2018 Actual Over Budget Budget Actual Sales Amount 8x10 Frame East 22,900 23,816 916 6,200 6,324 174 V Central West 5,700 5,529 -171 12" 16" Frame: East 14,600 710 15,330 4,900 Central 5,000 100 West 3,800 3,914 114 2. Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 2019, compute the unit sates value to be used for preparing the sales budget for the year ending December 31, 2019, Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearest whole unit. JOY Actual Percentage Increase (Decrease) 20Y9 Budgeted Units (rounded) Units 10 frame: 22,900 X 23,816 X 6200 X 6,324 5,700 5,523 x 14,600 5,000 Tast Central West 12" x 16 Framel East Central N Percent 15,330 4,900 12" x 16 Frame: East Central West 14,600 X 5 5,000 X -2 3,800 X 3 Feedback T Check My Work To calculate the difference subtract budget from actual sales. 3. Prepare a sales budget for the year ending December 31, 2019. Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y9 Unit Sales Volume Unit Selling Price Product and Area 8" x 10" Frame: East 23,816 X 33 Central 6,324 X 33 5.529 X West 33 35,669 X 15,330 X 44 4.900 X 44 3.914 X 24.144 X Total 12" x 16" Frame: East Central West Total Total revenue from sales Feedback 15,330 XI 4,900 X 3,914 X Total Sales 785,928 X 208,692 X 182.457 X 1.177,077 X 674.520 X 215,600 X 172,216 X 1,062,336 X 2,239,413 X Step by Step Solution
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