Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $679, and the S12L5 sells for $429. Projected sales (number of speakers) for the coming five quarters are as follows: S12L7 S12L5 First quarter, 20Y1 800 1,300 Second quarter, 20Y1 2,200 1,400 Third quarter, 20Y1 5,600 5,300 Fourth quarter, 20Y1 4,600 3,900 First quarter, 20Y2 900 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Required: Prepare a sales budget for each quarter of 20Y1 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer. Stillwater Designs Sales Budget For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year S12L7: Units fill in the blank 4c338e07ffcd022_1 fill in the blank 4c338e07ffcd022_2 fill in the blank 4c338e07ffcd022_3 fill in the blank 4c338e07ffcd022_4 fill in the blank 4c338e07ffcd022_5 Price $fill in the blank 4c338e07ffcd022_6 $fill in the blank 4c338e07ffcd022_7 $fill in the blank 4c338e07ffcd022_8 $fill in the blank 4c338e07ffcd022_9 $fill in the blank 4c338e07ffcd022_10 Sales $fill in the blank 4c338e07ffcd022_11 $fill in the blank 4c338e07ffcd022_12 $fill in the blank 4c338e07ffcd022_13 $fill in the blank 4c338e07ffcd022_14 $fill in the blank 4c338e07ffcd022_15 S12L5: Units fill in the blank 4c338e07ffcd022_16 fill in the blank 4c338e07ffcd022_17 fill in the blank 4c338e07ffcd022_18 fill in the blank 4c338e07ffcd022_19 fill in the blank 4c338e07ffcd022_20 Price $fill in the blank 4c338e07ffcd022_21 $fill in the blank 4c338e07ffcd022_22 $fill in the blank 4c338e07ffcd022_23 $fill in the blank 4c338e07ffcd022_24 $fill in the blank 4c338e07ffcd022_25 Sales $fill in the blank 4c338e07ffcd022_26 $fill in the blank 4c338e07ffcd022_27 $fill in the blank 4c338e07ffcd022_28 $fill in the blank 4c338e07ffcd022_29 $fill in the blank 4c338e07ffcd022_30 Total sales $fill in the blank 4c338e07ffcd022_31 $fill in the blank 4c338e07ffcd022_32 $fill in the blank 4c338e07ffcd022_33 $fill in the blank 4c338e07ffcd022_34 $fill in the blank 4c338e07ffcd022_35 How will Stillwater Designs use this sales budget? Stillwater Designs will use the sales budget in planning as the basis for the production budget. The company can also compare actual sales against the budget to see if expectations were achieved. Both 1 and 2 None of the above

Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $679, and the S12L5 sells for $429. Projected sales (number of speakers) for the coming five quarters are as follows: S12L7 S12L5 First quarter, 20Y1 800 1,300 Second quarter, 20Y1 2,200 1,400 Third quarter, 20Y1 5,600 5,300 Fourth quarter, 20Y1 4,600 3,900 First quarter, 20Y2 900 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Required: Prepare a sales budget for each quarter of 20Y1 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer. Stillwater Designs Sales Budget For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year S12L7: Units fill in the blank 4c338e07ffcd022_1 fill in the blank 4c338e07ffcd022_2 fill in the blank 4c338e07ffcd022_3 fill in the blank 4c338e07ffcd022_4 fill in the blank 4c338e07ffcd022_5 Price $fill in the blank 4c338e07ffcd022_6 $fill in the blank 4c338e07ffcd022_7 $fill in the blank 4c338e07ffcd022_8 $fill in the blank 4c338e07ffcd022_9 $fill in the blank 4c338e07ffcd022_10 Sales $fill in the blank 4c338e07ffcd022_11 $fill in the blank 4c338e07ffcd022_12 $fill in the blank 4c338e07ffcd022_13 $fill in the blank 4c338e07ffcd022_14 $fill in the blank 4c338e07ffcd022_15 S12L5: Units fill in the blank 4c338e07ffcd022_16 fill in the blank 4c338e07ffcd022_17 fill in the blank 4c338e07ffcd022_18 fill in the blank 4c338e07ffcd022_19 fill in the blank 4c338e07ffcd022_20 Price $fill in the blank 4c338e07ffcd022_21 $fill in the blank 4c338e07ffcd022_22 $fill in the blank 4c338e07ffcd022_23 $fill in the blank 4c338e07ffcd022_24 $fill in the blank 4c338e07ffcd022_25 Sales $fill in the blank 4c338e07ffcd022_26 $fill in the blank 4c338e07ffcd022_27 $fill in the blank 4c338e07ffcd022_28 $fill in the blank 4c338e07ffcd022_29 $fill in the blank 4c338e07ffcd022_30 Total sales $fill in the blank 4c338e07ffcd022_31 $fill in the blank 4c338e07ffcd022_32 $fill in the blank 4c338e07ffcd022_33 $fill in the blank 4c338e07ffcd022_34 $fill in the blank 4c338e07ffcd022_35 How will Stillwater Designs use this sales budget? Stillwater Designs will use the sales budget in planning as the basis for the production budget. The company can also compare actual sales against the budget to see if expectations were achieved. Both 1 and 2 None of the above

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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509

	S12L7	S12L5
First quarter, 20Y1	800	1,300
Second quarter, 20Y1	2,200	1,400
Third quarter, 20Y1	5,600	5,300
Fourth quarter, 20Y1	4,600	3,900
First quarter, 20Y2	900	1,200

The vice president of sales believes that the projected sales are realistic and can be achieved by the company.

Required:

Prepare a sales budget for each quarter of 20Y1 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer.

Stillwater Designs
Sales Budget
For the Year Ended December 31, 20Y1
	1st Qtr.	2nd Qtr.	3rd Qtr.	4th Qtr.	Year
S12L7:
Units	fill in the blank 4c338e07ffcd022_1	fill in the blank 4c338e07ffcd022_2	fill in the blank 4c338e07ffcd022_3	fill in the blank 4c338e07ffcd022_4	fill in the blank 4c338e07ffcd022_5
Price	$fill in the blank 4c338e07ffcd022_6	$fill in the blank 4c338e07ffcd022_7	$fill in the blank 4c338e07ffcd022_8	$fill in the blank 4c338e07ffcd022_9	$fill in the blank 4c338e07ffcd022_10
Sales	$fill in the blank 4c338e07ffcd022_11	$fill in the blank 4c338e07ffcd022_12	$fill in the blank 4c338e07ffcd022_13	$fill in the blank 4c338e07ffcd022_14	$fill in the blank 4c338e07ffcd022_15
S12L5:
Units	fill in the blank 4c338e07ffcd022_16	fill in the blank 4c338e07ffcd022_17	fill in the blank 4c338e07ffcd022_18	fill in the blank 4c338e07ffcd022_19	fill in the blank 4c338e07ffcd022_20
Price	$fill in the blank 4c338e07ffcd022_21	$fill in the blank 4c338e07ffcd022_22	$fill in the blank 4c338e07ffcd022_23	$fill in the blank 4c338e07ffcd022_24	$fill in the blank 4c338e07ffcd022_25
Sales	$fill in the blank 4c338e07ffcd022_26	$fill in the blank 4c338e07ffcd022_27	$fill in the blank 4c338e07ffcd022_28	$fill in the blank 4c338e07ffcd022_29	$fill in the blank 4c338e07ffcd022_30
Total sales	$fill in the blank 4c338e07ffcd022_31	$fill in the blank 4c338e07ffcd022_32	$fill in the blank 4c338e07ffcd022_33	$fill in the blank 4c338e07ffcd022_34	$fill in the blank 4c338e07ffcd022_35

How will Stillwater Designs use this sales budget?

Stillwater Designs will use the sales budget in planning as the basis for the production budget.
The company can also compare actual sales against the budget to see if expectations were achieved.
Both 1 and 2
None of the above

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