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Forecast Sales Volume and Sales Budget For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: 8" x 10" Frame Unit Sales 12" x 16" Frame East 19,635 11,978 Central 4,635 3,136 West 3,977 2,369 Product and Area 8" x 10" Frame: East Central West Total Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 Unit Unit Sales Volume Selling Price Total Sales 18,700 $14 $261,800 4,500 14 63,000 4,100 14 57,400 27,300 $382,200 12" x 16" Frame: East 11,300 $29 $327,700 Central 3,200 29 West Total Total revenue from sales 2,300 16,800 29 92,800 66,700 $487,200 $869,400 For the year ending December 31, 2019, unit sales are expected to follow the patterns established during the year ending December 31, 2018. The unit selling price for the 8" x 10" frame is expected to increase to $15 and the unit selling price for the 12 frame is expected to increase to $31, effective January 1, 2019. Required: 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y8, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to the nearest whole percent. Unit Sales, Increase (Decrease) Year Ended 20Y8 Actual Over Budget Budget Actual Sales Amount Percent 8" x 10" Frame: East

Forecast Sales Volume and Sales Budget For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: 8" x 10" Frame Unit Sales 12" x 16" Frame East 19,635 11,978 Central 4,635 3,136 West 3,977 2,369 Product and Area 8" x 10" Frame: East Central West Total Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 Unit Unit Sales Volume Selling Price Total Sales 18,700 $14 $261,800 4,500 14 63,000 4,100 14 57,400 27,300 $382,200 12" x 16" Frame: East 11,300 $29 $327,700 Central 3,200 29 West Total Total revenue from sales 2,300 16,800 29 92,800 66,700 $487,200 $869,400 For the year ending December 31, 2019, unit sales are expected to follow the patterns established during the year ending December 31, 2018. The unit selling price for the 8" x 10" frame is expected to increase to $15 and the unit selling price for the 12 frame is expected to increase to $31, effective January 1, 2019. Required: 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y8, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to the nearest whole percent. Unit Sales, Increase (Decrease) Year Ended 20Y8 Actual Over Budget Budget Actual Sales Amount Percent 8" x 10" Frame: East

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 1PA
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Forecast Sales Volume and Sales Budget For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: 8" x 10" Unit Sales 12" x 16" Frame Frame East 19,635 11,978 Central 4,635 3,136 West 3,977 2,369 Product and Area 8" x 10" Frame: East Central West Total Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 Unit Sales Volume Unit Selling Price Total Sales 18,700 $14 $261,800 4,500 14 63,000 4,100 14 57,400 27,300 $382,200 12" x 16" Frame: East Central 11,300 3,200 $29 $327,700 29 West Total Total revenue from sales 2,300 16,800 29 92,800 66,700 $487,200 $869,400 For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8" x 10" frame is expected to increase to $15 and the unit selling price for the 12" frame is expected to increase to $31, effective January 1, 2019. Required: 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y8, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to the nearest whole percent. Unit Sales, Increase (Decrease) Year Ended 20Y8 Actual Over Budget Budget Actual Sales Amount Percent 8" x 10" Frame: East %
Transcribed Image Text:Forecast Sales Volume and Sales Budget For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: 8" x 10" Unit Sales 12" x 16" Frame Frame East 19,635 11,978 Central 4,635 3,136 West 3,977 2,369 Product and Area 8" x 10" Frame: East Central West Total Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 Unit Sales Volume Unit Selling Price Total Sales 18,700 $14 $261,800 4,500 14 63,000 4,100 14 57,400 27,300 $382,200 12" x 16" Frame: East Central 11,300 3,200 $29 $327,700 29 West Total Total revenue from sales 2,300 16,800 29 92,800 66,700 $487,200 $869,400 For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8" x 10" frame is expected to increase to $15 and the unit selling price for the 12" frame is expected to increase to $31, effective January 1, 2019. Required: 1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y8, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to the nearest whole percent. Unit Sales, Increase (Decrease) Year Ended 20Y8 Actual Over Budget Budget Actual Sales Amount Percent 8" x 10" Frame: East %
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