Locksafe company manufactures burglar-resistant commercial door locks. Recently,

Question

Locksafe 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, 2011, unit sales were as follows: First quarter            23,000       units Second quarter        28,000       units Third quarter           27,000       units Fourth quarter        32,000       units REQUIRED: Assume that sales for each quarter in 2012 will be 25% higher than they were in 2011 and the selling price per lock is $15 Prepare a sales budget by quarter for 2012. Locksafe Company sales budget for the year ending December 31, 2012                                         Quarter1      Quarter2      Quarter3     Quarter4     Year Sales for 2011 in units        _______       ______         ______        ______        ___ Projected sales at 125%       of prior year                _______       _______       ______         ______        ___ Sales price per unit            _______       _______       ______         ______        ___ Budgeted revenue for 2012 _______       _______       ______         ______        ___
Locksafe 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, 2011, unit sales were as follows: First quarter            23,000       units Second quarter        28,000       units Third quarter           27,000       units Fourth quarter        32,000       units REQUIRED: Assume that sales for each quarter in 2012 will be 25% higher than they were in 2011 and the selling price per lock is $15 Prepare a sales budget by quarter for 2012. Locksafe Company sales budget for the year ending December 31, 2012                                         Quarter1      Quarter2      Quarter3     Quarter4     Year Sales for 2011 in units        _______       ______         ______        ______        ___ Projected sales at 125%       of prior year                _______       _______       ______         ______        ___ Sales price per unit            _______       _______       ______         ______        ___ Budgeted revenue for 2012 _______       _______       ______         ______        ___

Explanation / Answer

Sales for 2011 in units Projected sales at 125% of prior year Sales price per unit Budgeted revenue for 2012 Locksafe Company sales budget for the year ending December 31, 2012
Quarter1       Quarter2       Quarter3      Quarter4      Year Sales for 2011 in units 23000 28000 27000 32000 110000 Projected sales at 125% of prior year 28750 35000 33750 40000 137500 Sales price per unit 15 15 15 15 15 Budgeted revenue for 2012 431250 525000 506250 600000 2062500

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