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xercise D5-7 Hammarstrom and Company makes and sells high-quality glare filters for computer monitors. John Stanford, controller, is responsible for preparing Hammarstrom's master budget. He

xercise D5-7

Hammarstrom and Company makes and sells high-quality glare filters for computer monitors. John Stanford, controller, is responsible for preparing Hammarstrom's master budget. He has received the following sales forecast for the coming year from the sales manager.

January

February

March

April

Forecasted unit sales

15,000

12,500

14,000

18,000

Sales price per unit

$80

$80

$80

$75

Prepare Hammarstrom's sales budget for the first quarter.

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