Förecast Sales volume andBudgetFor 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:Unit Sales8" x 10"12" x 16"FrameFrameEast20,39415,496Central5,3536,272West4,8505,304Raphael Frame CompanySales BudgetFor the Year Ending December 31, 20Y8UnitUnit SalesProduct and AreaSellingTotal SalesVolumePrice8" x 10" Frame:East19,800$31$613,800Central5,30031164,300West5,00031155,000.Total30,100$933,10012" x 16" Frame:East14,900$32$476,800Central6,40032204,800West5,20032166,400Total26.500$848.000 Total revenue from sales$1,781,100For 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 forthe 8" x 10" frame is expected to increase to $32 and the unit selling price for the 12" x 16" frame is expected to increase to $34, effective January 1, 20Y9.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 amountand percent. Round percents to the nearest whole percent.Unit Sales,Increase (Decrease)Year Ended 20Y8Actual Over BudgetBudgetActual SalesAmountPercent8" x 10" Frame:East%Central%West%12" x 16" Frame:East%CentralWest2. Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 20Y9, compute the unit sales volume to be used forpreparing the sales budget for the year ending December 31, 20Y9. Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearestwhole unit.20Y8Percentage20Y9ActualIncreaseBudgetedUnits(Decrease)Units (rounded)8" x 10" Frame:East%

1) 8"x10" frame: Budget sales (units) Actual sales (units) Increase / (Decrease) units Increase…

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: Unit Sales 8" x 10" 12" x 16" Frame Frame East 20,394 15,496 Central 5,353 6,272 West 4,850 5,304 Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 Unit Unit Sales Product and Area Selling Total Sales Volume Price 8" x 10" Frame: East 19,800 $31 $613,800 Central 5,300 31 164,300 West 5,000 31 155,000. Total 30,100 $933,100 12" x 16" Frame: East 14,900 $32 $476,800 Central 6,400 32 204,800 West 5,200 32 166,400 Total 26.500 $848.000

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: Unit Sales 8" x 10" 12" x 16" Frame Frame East 20,394 15,496 Central 5,353 6,272 West 4,850 5,304 Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 Unit Unit Sales Product and Area Selling Total Sales Volume Price 8" x 10" Frame: East 19,800 $31 $613,800 Central 5,300 31 164,300 West 5,000 31 155,000. Total 30,100 $933,100 12" x 16" Frame: East 14,900 $32 $476,800 Central 6,400 32 204,800 West 5,200 32 166,400 Total 26.500 $848.000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter13: Budgeting And Standard Costs

Section: Chapter Questions

Problem 13.2.6P: Budgeted income statement and supporting budgets The budget director of Jupiter Helmets Inc., with...

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