Answer:
Quarter 1:
Sales= $865,200
Q2:
Sales= $1,058,400
Q3:
Sales= $1,226,400
Q4:
Sales= $1,579,200
Explanation:
Giving the following information:
Paige Company estimates that unit sales will be 10,300 in quarter 1, 12,600 in quarter 2, 14,600 in quarter 3, and 18,800 in quarter 4.
Selling price= $84 per unit.
A sales budget consists of the budgeted sales in units multiplied by the selling price per unit.
Quarter 1:
Sales= 10,300*84= $865,200
Q2:
Sales= 12,600*84= $1,058,400
Q3:
Sales= 14,600*84= $1,226,400
Q4:
Sales= 18,800*84= $1,579,200
Answer:
Paige Company
Sales budget for the quarters in the year ending December 31, 2020
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Selling price ($) 84 84 84 84
Sales in units 10,300 12,600 14,600 18,800
Sales in amount($) 865,200 1,058,400 1,226,400 1,579,200
Explanation:
The sales budget is a plan put together by the company's management containing details of the company's sales for the coming period. This includes the quantity to be sold, the cost per unit etc.
The total sales is the product of the units to be sold and the selling price per unit.
