elecironic ypswriters. the company's market rosearch depariment preparedExerciso 4-24The Sonia Company hax two product lnes, high-speed primers andthe following sales forecast for the coming year, 2021Electronic TyprwritersIndustry's total sales forecastCompany's share in the marketSales price per unit170,000Ligh-speed Printers10%A0,000P3,00025%P5.000The sales force submitted the following estimates:Electronic TypewritersLuzon3,600High-speed PrinstersVisayasMindanao8,4002,4003,00015,0006,0003,600Total12,000To establish an acceptable forecast, the budget director averages the twestimates. The resulting forecast is then broken down by territories in the eauratio as reflected in the estimates of the sales forecast.REQUIRED:1. Prepare a sales budget by sales territory and by product lines for the2021. Use the following format:Sonia CompanySales BudgetFor the Year Ending Dec. 31, 2021Electronic TypewritersHigh-speed PrimUnitsAmountUnitsLuzonAmVisayasMindanaoTotalpradtre vipologersCalierhors Exercise 4-25A sales budget for the irst five nionths of 2021 is given on a certainproduct line manufactured by Boots Styles, Inc.Sales budget in unitsJanuaryFebruary157,000162,000March204,000AprilMay223,000245,000The inventory of finished products at the end of each month is equal to20% of the sales estimate for the next month. This requirement is expected tobe met by Jan. 1. No work is in process at the end of cach monthEach unit of product requires two types of raw materials as follows:Material A½ unitMaterial B6 unitsThe estimated cost of Material A is P5.00 per unit, and the estimated costof Material B is PO.60 per unit. Materials equal to 30% of next month'sproduction needs are to be on hand at the end of each month. This requirementis expected to be met on Jan. 1.REQUIRED:1. Prepare a production budget for the first quarter of 2021 broken down bymonths. Include a total column.2. Prepare a purchases budget for each type of raw materials also for the firstquarter of 2021 broken down into months. Include a total colum.Boots Style, Inc.Production BudgetFor the First Quarter of 2021ExtraSales budgetAdd: Ending inventory (20%)Total requirementsLess: Beginning inventoryProduction budgetJan.Feb.MarchTotalAprilby mA let tecb.edent-friendlyghan Youn b.E Wer 5 Meigef tandM. SollePolien of Hol

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Exerciso 4-24 The Sonia Company hax wo prodiuct lnes, high-speed primers and les tnic typewriters. The vompany's market research department purerared the followingH sales forecast for the coming year, 2021 Electronic Typewriters igh-speed Printers Industry's total sales forecast Company's share in the market Sales price per unit 170,000 10% A0,000 P3,000 25% P5.000 The sales force submitted the following estimates: Electronic Typewriters High-speed Printers Luzon 3,600 2,400 Visayas 8,400 3,000 15,000 6,000 3,600 12,000 Mindanao Total To establish an acceptable forecast, the budget director averages the estimates. The resulting forecast is then broken down by territories in the s ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speced Pri A Units Amount Units Luzon Visayas Mindanao Total

Exerciso 4-24 The Sonia Company hax wo prodiuct lnes, high-speed primers and les tnic typewriters. The vompany's market research department purerared the followingH sales forecast for the coming year, 2021 Electronic Typewriters igh-speed Printers Industry's total sales forecast Company's share in the market Sales price per unit 170,000 10% A0,000 P3,000 25% P5.000 The sales force submitted the following estimates: Electronic Typewriters High-speed Printers Luzon 3,600 2,400 Visayas 8,400 3,000 15,000 6,000 3,600 12,000 Mindanao Total To establish an acceptable forecast, the budget director averages the estimates. The resulting forecast is then broken down by territories in the s ratio as reflected in the estimates of the sales forecast. REQUIRED: 1. Prepare a sales budget by sales territory and by product lines for the 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speced Pri A Units Amount Units Luzon Visayas Mindanao Total

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