Question

Paige Company estimates that unit sales will be 10,100 in quarter 1,12,100 in quarter 2. 14,800 in quarter 3 and 18,800 in quarter 4. Using a sales price of $82 per unit Prepare the sales budget by quarters for the year ending December 31, 2020. PAIGE COMPANY Sales Budget Quarter Attempts: 0 of 3 used Save for later

Answer 1

Solution:

Paige Company

Sales Budget

Paige Company
Sales Budget
For the Year Ended December 31, 2020
			Quarter
	1	2	3	4	Year
Unit Sales	10,100	12,100	14,800	18,800	55,800
unit selling price	$82	$82	$82	$82	$82
Budgeted Sales	$828,200	$992,200	$1,213,600	$1,541,600	$4,575,600

Computations:

Budgeted sales = unit sales x unit selling price

Quarter 1 –

Budgeted sales = 10,100 x $82 = $828,200

Quarter 2 –

Budgeted sales = 12,100 x $82 = $992,200

Quarter 3 –

Budgeted Sales = 14,800 x $82 = $1,213,600

Quarter 4 –

Budgeted sales = 18,800 x $82 = $1,541,600