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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: S12L5 First quarter, 20Y1 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: S12L7 800 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

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: S12L5 First quarter, 20Y1 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: S12L7 800 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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Sales Budget 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: S12L5 First quarter, 20Y1 1,300 Second quarter, 20Y1 1,400 Third quarter, 20Y1 5,300 Fourth quarter, 20Y1 3,900 First quarter, 20Y2 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Required: S12L7: Units Price 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 2nd Qtr. 3rd Qtr. Sales S12L5: Units Price Sales Total sales 1st Qtr. $ $ $ 800 660 X $ 380,000 X $ 1,300 ✓ 417 X S12L7 542,100 X 1,070,100 X 800 2,200 5,600 4,600 900 2,200 ✔ 660 X 1,045,000 X 1,400 ✔ 417 X 583,800 X $ 2,035,800 X $ 5,600 ✓ 5,300 660 X $ 2,660,000 X $ 2,185,000 X 4th Qtr. 417 X $ 2,210,100 X 5,906,100 X 4,600 660 X $ 3,900 Year 417 X $ 1,626,300 X X $ 4,662,300 X 13,200 660 X 6,270,000 X 11,900 ✓ 417 X
Transcribed Image Text:Sales Budget 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: S12L5 First quarter, 20Y1 1,300 Second quarter, 20Y1 1,400 Third quarter, 20Y1 5,300 Fourth quarter, 20Y1 3,900 First quarter, 20Y2 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Required: S12L7: Units Price 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 2nd Qtr. 3rd Qtr. Sales S12L5: Units Price Sales Total sales 1st Qtr. $ $ $ 800 660 X $ 380,000 X $ 1,300 ✓ 417 X S12L7 542,100 X 1,070,100 X 800 2,200 5,600 4,600 900 2,200 ✔ 660 X 1,045,000 X 1,400 ✔ 417 X 583,800 X $ 2,035,800 X $ 5,600 ✓ 5,300 660 X $ 2,660,000 X $ 2,185,000 X 4th Qtr. 417 X $ 2,210,100 X 5,906,100 X 4,600 660 X $ 3,900 Year 417 X $ 1,626,300 X X $ 4,662,300 X 13,200 660 X 6,270,000 X 11,900 ✓ 417 X
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