Forecast Sales Volume and Sales Budget Guardian Framing Inc. prepared the follow

Question

Forecast Sales Volume and Sales Budget Guardian Framing Inc. prepared the following sales budget for 2016: Guardian Framing Inc. Sales Budget For the Year Ending December 31, 2016 Unit Unit Sales Product and Area Selling Total Sales Volume Price 8"X 10" Frame: East Central West Total 20,300 4,900 4,500 29,700 $25 25 25 $507,500 122,500 112,500 $742,500 12" × 16" Frame: East Central West Total 10,300 2,700 1,900 14,900 $40 40 40 $412,000 108,000 76,000 $596,000 $1,338,500 Total revenue from sales

Explanation / Answer

1. Computation of increase or decrease of actual unit sales for the year ended December 31, 2016, over budget.

2.Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 2017, Computation of the unit sales volume to be used for preparing the sales budget for the year ending December 31, 2017

3.

Guardian Framing Inc.

Unit Sales, Increase (Decrease) Year Ended 2014 Actual Over Budget Budget Actual Sales Difference Percent % 8" × 10" Frame: East               20,300                   20,909                         609                   3.00 Central                  4,900                     4,949                           49                   1.00 West                  4,500                     4,320                      (180)                (4.00) 12" × 16" Frame:                            -   East               10,300                   10,712                         412                   4.00 Central                  2,700                     2,646                         (54)                (2.00) West                  1,900                     1,957                           57                   3.00

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