Sales Budget Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475, and t
he S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows:
S12L7 S12L5
First quarter, 20Y1 800 1,300
Second quarter, 20Y1 2,200 1,400
Third quarter, 20Y1 5,600 5,300
Fourth quarter, 20Y1 4,600 3,900
First quarter, 20Y2 900 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company.
Prepare a sales budget for each quarter of 20Y1 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer.
S12L7 S12L5
First quarter, 20Y1 800 1,300
Second quarter, 20Y1 2,200 1,400
Third quarter, 20Y1 5,600 5,300
Fourth quarter, 20Y1 4,600 3,900
First quarter, 20Y2 900 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company.
Prepare a sales budget for each quarter of 20Y1 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer.
2 answers:
Answer:
Check the explanation
Explanation:
Please find the detailed answer as follows:
Stillwater Designs
Sales Budget for the Year Ended 31 Dec 2014
1st Quarter 2nd Quarter Third Quarter Fourth Quarter Total
S12L7
Units 800 2200 5600 4600 13200
Price 475 475 475 475 475
Sales 380000 1045000 2660000 2185000 6270000
1st Quarter 2nd Quarter Third Quarter Fourth Quarter Total
S12L5
Units 1300 1400 5300 3900 11900
Price 300 300 300 300 300
Sales 390000 420000 1590000 1170000 3570000
Total Sales 770000 1465000 4250000 3355000 9840000
Kindly check the attached image below for a well arranged accounting entry.
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