Question

Brief Exercise 9-2 Paige Company estimates that unit sales will be 10,800 in quarter 1, 12,300 in quarter 2, 14,200 in quarter 3, and 18,800 in quarter 4. Using a sales price of $85 per unit. Prepare the sales budget by quarters for the year ending December 31, 2020.

Answer 1

Answer:

Quarter                      1                 2            3              4                  Total

Quantity               10,800        12,300     14,200       18,800

Price                    ×$85            ×$85         ×$85         × $85

Total Sales($)     918,000   1,045,500  1207000   1,598,000    4,768,500.

Explanation:

The sales budget is statement showing the expected future quantity to behold and the corresponding expected revenue. The expected revenue is determined by multiplying the selling price by the quantity

Sales budget for Paige Company

Quarter                      1                 2            3              4                  Total

Quantity               10,800        12,300     14,200       18,800

Price                    ×$85            ×$85         ×$85         × $85

Total Sales($)     918,000   1,045,500  1207000   1,598,000    4,768,500.