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The Sonia Company has two product line, high-speed printers and ronic typewriters. The company's market research department prepared the following sales forecast for the coming

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The Sonia Company has two product line, high-speed printers and ronic typewriters. The company's market research department prepared the following sales forecast for the coming year, 2021. section Typewriters 170,000 Industry's total sales forecast Company's share in the market 10% High-speed Printers 40,000 25% P5,000 Sales price per unit 13,000 The sales force submitted the following estimates Electronic Typewriters 3,600 8.400 3.000 15,000 Visayas Mindanao Total High Speed Printers 2,400 6,000 3.600 12,000 To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast REQUIRED 1. Prepare a sales budget by sales territory and by product lines for the year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount Luzon Visayas Mindanao Total

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