Question
Sunland Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Vanessa Aaron, the companys
Sunland Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Vanessa Aaron, the companys sales manager, prepared the following sales forecast for 2018. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices.
Sales Price | 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | ||||||||||||
Acoustic guitar sales | $1,270 | 190 | 250 | 310 | 310 | |||||||||||
Electric guitar sales | $2,400 | 420 | 360 | 320 | 360 |
Prepare Sunlands sales budget for 2018.
Sales Budget | |||||
1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | Annual | |
Acoustic: | |||||
Budgeted revenueBudgeted units soldBudgeted sales price | |||||
Budgeted sales priceBudgeted units soldBudgeted revenue | $ | $ | $ | $ | $ |
Budgeted units soldBudgeted sales priceBudgeted revenue | $ | $ | $ | $ | $ |
Electric: | |||||
Budgeted revenueBudgeted sales priceBudgeted units sold | |||||
Budgeted units soldBudgeted sales priceBudgeted revenue | $ | $ | $ | $ | $ |
Budgeted sales priceBudgeted revenueBudgeted units sold | $ | $ | $ | $ | $ |
Total revenue | $ | $ | $ | $ | $ |
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