Alger Inc. manufactures six models of leaf blowers and weed eaters. Alger's budgeting team is finalizing the sales budget for the coming year. Sales in units and dollars for last year follow: Product Number Sold Price ($) Revenue LB-1 14,700 32 $ 470,400 LB-2 18,000 20 360,000 WE-6 25,200 15 378,000 WE-7 16,200 10 162,000 WE-8 6,900 18 124,200 WE-9 4,000 22 88,000 Total $1,582,600 In looking over the previous year's sales figures, Alger's sales budgeting team recalled the following: Model LB-1 is a newer version of the leaf blower with a gasoline engine. The LB-1 is mounted on wheels instead of being carried. This model is designed for the commercial market and did better than expected in its first year. As a result, the number of units of Model LB-1 to be sold was forecast at 325% of the previous year's units. Models WE-8 and WE-9 were introduced on July 1 of last year. They are lighter versions of the traditional weed eater and are designed for smaller households or condo units. Alger estimates that demand for both models will continue at the previous year's rate. A competitor has announced plans to introduce an improved version of model WE-6, Alger's traditional weed eater. Alger believes that the model WE-6 price must be cut 35% to maintain unit sales at the previous year's level. It was assumed that unit sales of all other models would increase by 8%, prices remaining constant. Required: Prepare a sales budget by product and in total for Alger Inc. for the coming year. Do not include a multiplication symbol as part of your answer. Alger Inc. Sales Budget For the Coming Year Model Units Price Total Sales LB-1 fill in the blank 1 $fill in the blank 2 $fill in the blank 3 LB-2 fill in the blank 4 fill in the blank 5 fill in the blank 6 WE-6 fill in the blank 7 fill in the blank 8 fill in the blank 9 WE-7 fill in the blank 10 fill in the blank 11 fill in the blank 12 WE-8 fill in the blank 13 fill in the blank 14 fill in the blank 15 WE-9 fill in the blank 16 fill in the blank 17 fill in the blank 18 Total $fill in the blank 19

Alger Inc. manufactures six models of leaf blowers and weed eaters. Alger's budgeting team is finalizing the sales budget for the coming year. Sales in units and dollars for last year follow: Product Number Sold Price ($) Revenue LB-1 14,700 32 $ 470,400 LB-2 18,000 20 360,000 WE-6 25,200 15 378,000 WE-7 16,200 10 162,000 WE-8 6,900 18 124,200 WE-9 4,000 22 88,000 Total $1,582,600 In looking over the previous year's sales figures, Alger's sales budgeting team recalled the following: Model LB-1 is a newer version of the leaf blower with a gasoline engine. The LB-1 is mounted on wheels instead of being carried. This model is designed for the commercial market and did better than expected in its first year. As a result, the number of units of Model LB-1 to be sold was forecast at 325% of the previous year's units. Models WE-8 and WE-9 were introduced on July 1 of last year. They are lighter versions of the traditional weed eater and are designed for smaller households or condo units. Alger estimates that demand for both models will continue at the previous year's rate. A competitor has announced plans to introduce an improved version of model WE-6, Alger's traditional weed eater. Alger believes that the model WE-6 price must be cut 35% to maintain unit sales at the previous year's level. It was assumed that unit sales of all other models would increase by 8%, prices remaining constant. Required: Prepare a sales budget by product and in total for Alger Inc. for the coming year. Do not include a multiplication symbol as part of your answer. Alger Inc. Sales Budget For the Coming Year Model Units Price Total Sales LB-1 fill in the blank 1 $fill in the blank 2 $fill in the blank 3 LB-2 fill in the blank 4 fill in the blank 5 fill in the blank 6 WE-6 fill in the blank 7 fill in the blank 8 fill in the blank 9 WE-7 fill in the blank 10 fill in the blank 11 fill in the blank 12 WE-8 fill in the blank 13 fill in the blank 14 fill in the blank 15 WE-9 fill in the blank 16 fill in the blank 17 fill in the blank 18 Total $fill in the blank 19

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Alger Inc. manufactures six models of leaf blowers and weed eaters. Alger's budgeting team is finalizing the sales budget for the coming year. Sales in units and dollars for last year follow:

Product	Number Sold	Price ($)	Revenue
LB-1	14,700		32	$ 470,400
LB-2	18,000		20	360,000
WE-6	25,200		15	378,000
WE-7	16,200		10	162,000
WE-8	6,900		18	124,200
WE-9	4,000		22	88,000
Total				$1,582,600

In looking over the previous year's sales figures, Alger's sales budgeting team recalled the following:

Model LB-1 is a newer version of the leaf blower with a gasoline engine. The LB-1 is mounted on wheels instead of being carried. This model is designed for the commercial market and did better than expected in its first year. As a result, the number of units of Model LB-1 to be sold was forecast at 325% of the previous year's units.
Models WE-8 and WE-9 were introduced on July 1 of last year. They are lighter versions of the traditional weed eater and are designed for smaller households or condo units. Alger estimates that demand for both models will continue at the previous year's rate.
A competitor has announced plans to introduce an improved version of model WE-6, Alger's traditional weed eater. Alger believes that the model WE-6 price must be cut 35% to maintain unit sales at the previous year's level.
It was assumed that unit sales of all other models would increase by 8%, prices remaining constant.

Required:

Prepare a sales budget by product and in total for Alger Inc. for the coming year. Do not include a multiplication symbol as part of your answer.

Alger Inc.
Sales Budget
For the Coming Year
Model	Units	Price	Total Sales
LB-1	fill in the blank 1	$fill in the blank 2	$fill in the blank 3
LB-2	fill in the blank 4	fill in the blank 5	fill in the blank 6
WE-6	fill in the blank 7	fill in the blank 8	fill in the blank 9
WE-7	fill in the blank 10	fill in the blank 11	fill in the blank 12
WE-8	fill in the blank 13	fill in the blank 14	fill in the blank 15
WE-9	fill in the blank 16	fill in the blank 17	fill in the blank 18
Total			$fill in the blank 19

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