Golden Company manufactures burglar-resistant commercial door locks. Recently the company began selling locks on the Web,...
Golden Company manufactures burglar-resistant commercial door
locks. Recently the company began selling locks on the Web, and the
company expects sales to increase dramatically compared with the
prior year. For the past year, 2017, unit sales were:
| First quarter | $27,000 | units | |
| Second quarter | 33,000 | units | |
| Third quarter | 32,000 | units | |
| Fourth quarter | 38,000 | units |
Assume that total sales for each quarter in 2018 will be 19 percent
higher than in 2017 and that the selling price per lock is $25.
Prepare a sales budget by quarter for 2018.
|
Golden Company |
|||||
|
First |
Second |
Third |
Fourth |
|
|
|
Projected sales |
|
|
|
|
|
|
Sales price per unit |
$
|
$
|
$
|
$
|
$
|
|
Budget revenue for 2018 |
$
|
$
|
$
|
$
|
$
|
Homework Answers
|
Golden Company |
|||||
|
First |
Second |
Third |
Fourth |
|
|
|
Projected sales |
|
|
|
38000*1.19 = 45220 |
|
|
Sales price per unit |
$25
|
$25
|
$25
|
$25
|
$25
|
|
Budget revenue for 2018 |
$803250
|
$981750
|
$952000
|
$1130500
|
$3867500
|
27000*1.19
= 32130Add Answer to:
Golden Company manufactures burglar-resistant commercial door
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