137Exercise 4-24The Sonia Company has two product lines, high-speed printers andelectronic typewriters. The company's market rescarch department preparedthe following sales forecast for the coming year, 2021.High-speed PrintersElectronic Typewriters170,00040,000Industry's total sales forecastCompany's share in the marketSales price per unit10%25%P3,000P5,000The sales force submitted the following estimates:High-speed Printers2,4006,0003,60012,000Electronic TypewritersLuzon3,600VisayasMindanao8,4003,00015,000TotalTo establish an acceptable forecast, the budget director averages the twoestimates. The resulting forecast is then broken down by territories in the sameratio as reflected in the estimates of the sales forecast.REQUIRED:1. Prepare a sales budget by sales territory and by product lines for the year2021. Use the following format:Sonia CompanySales BudgetFor the Year Ending Dec. 31, 2021Electronic TypewritersHigh-speed PrintersUnitsAmountUnitsAmountLuzonVisayasMindanaoTotal

Sales budget is considered as the initial phase of the budgeting process. The measure of income…

The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market rescarch department prepared the following sales forecast for the coming year, 2021. Electronic Typewriters 170,000 High-speed Printers 40,000 Industry's total sales forecast Company's share in the market Sales price per unit 10% 25% P3,000 P5,000 The sales force submitted the following estimates: Electronic Ty 3,600 High-speed Printers 2,400 ters Luzon 6,000 Visayas Mindanao 8,400 3,000 3,600 Total 15,000 12,000 To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the yeam 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount uzon isayas lindanao otal

The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market rescarch department prepared the following sales forecast for the coming year, 2021. Electronic Typewriters 170,000 High-speed Printers 40,000 Industry's total sales forecast Company's share in the market Sales price per unit 10% 25% P3,000 P5,000 The sales force submitted the following estimates: Electronic Ty 3,600 High-speed Printers 2,400 ters Luzon 6,000 Visayas Mindanao 8,400 3,000 3,600 Total 15,000 12,000 To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the yeam 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount uzon isayas lindanao otal

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter27: Lean Principles, Lean Accounting, And Activity Analysis

Section: Chapter Questions

Problem 27.1BPR

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