137Exercise 4-24The Sonia Company has two product lines, high-speed printers andelectronic typewriters. The company's market research department preparedthe following sales forecast for the coming year, 2021.High-speed Printers40,000Electronic TypewritersIndustry's total sales forecastCompany's share in the marketSales price per unit170,00010%25%Р3,000P5,000The sales force submitted the following estimates:High-speed Printers2,400Electronic Typewriters3,6008,4003,00015,000LuzonVisayas6,000Mindanao3,600Total12,000To establish an acceptable forecast, the budget director averages the twoestimates. The resulting forecast is then broken down by territories in the sameratio as reflected in the estimates of the sales forecast.REQUIRED:1. Prepare a sales budget by sales territory and by product lines for the year2021. Use the following format:Sonia CompanySales BudgetFor the Year Ending Dec. 31, 2021Electronic TypewritersHigh-speed PrintersUnitsAmountUnitsAmountLuzonVisayasMindanaoTotal

A sales budget shows the sales units as well as sales value expected to be earned in the forecasted…

The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market research department prepared the following sales forecast for the coming year, 2021. High-speed Printers 40,000 Electronic Typewriters Industry's total sales forecast Company's share in the market Sales price per unit 170,000 10% 25% P3,000 P5,000 The sales force submitted the following estimates: High-speed Printers 2,400 6,000 3,600 Electronic Typewriters Luzon 3,600 Visayas 8,400 Mindanao 3,000 15,000 Total 12,000 To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same 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 year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount Luzon Visayas Mindanao Total

The Sonia Company has two product lines, high-speed printers and electronic typewriters. The company's market research department prepared the following sales forecast for the coming year, 2021. High-speed Printers 40,000 Electronic Typewriters Industry's total sales forecast Company's share in the market Sales price per unit 170,000 10% 25% P3,000 P5,000 The sales force submitted the following estimates: High-speed Printers 2,400 6,000 3,600 Electronic Typewriters Luzon 3,600 Visayas 8,400 Mindanao 3,000 15,000 Total 12,000 To establish an acceptable forecast, the budget director averages the two estimates. The resulting forecast is then broken down by territories in the same 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 year 2021. Use the following format: Sonia Company Sales Budget For the Year Ending Dec. 31, 2021 Electronic Typewriters High-speed Printers Units Amount Units Amount Luzon Visayas Mindanao Total

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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