Written Output # 5 ABC Company Sales Budget For the Year Ended December 31, 20XX Quarter 4 Quarter 1 Quarter 2 Quarter 3 Forecasted Unit Sales X per unit Total Gross Sales Less Sales Discount & Allowances Total Net Sales Written Output # 5 Directions: ABC Company plans to produce an array of plastic pails during the upcoming budget year, all of which fall into a single product category. Its sales forecast is divided into fourth quarters. Complete the table of ABC Company Sales Budget having the following financial data: 1. Forecasted unit sales are 5,500, 6000, 7000 and 8000 respectively. 2. ABC's sales manager expects that increased demand in the second half of the year will allow it to increase its unit price from $10 to $11. 3. Also, the sales manager expects that the company's historical sales discounts and allowances percentage of two percent of gross sales will continue through the budget period