For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: Unit Sales 8" x 10" Frame12" x 16" FrameEast30,66014,522Central8,1374,606West7,0813,672- Raphael Frame Co.Sales BudgetFor the Year Ending December 31, 20Y8 Product and Area Unit Sales VolumeUnit Sales PriceTotal Sales8" x 10" Frame: East 29,200$26$759,200 Central 7,90026205,400 West 7,30026189,800 Total 44,400 $1,154,400 12" x 16" Frame East 13,700$27$369,900 Central 4,70027126,900 West 3,6002797,200 Total 22,000 $594,000Total Revenue from sales $1,748,800For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8"x10" frame is expected to increase to $27 and the unit selling price for the 12"x16" frame is expected to increase to $29, effective January 1, 20Y9.Please see the pictures for the prompts. Theres 3 parts. Thank you! Required:1. Compute the increase or decrease of actual unit sales for the year ended December 31, 20Y8, over budget. Use the minus sign to indicate a decrease in amount and percent. Round percents to thenearest whole percent.Unit Sales,Increase (Decrease)Year Ended 20Y8Actual Over BudgetBudgetActual SalesAmountPercent8" x 10" Frame:East%Central%West%12" x 16" Frame:East%Central%West2. Assuming that the increase or decrease in actual sales to budget indicated in part (1) is to continue in 20Y9, compute the unit sales volume to be used for preparing the sales budget for the year endingDecember 31, 20Y9. Use the minus sign to indicate a decrease in percent. Round budgeted units to the nearest whole unit.20Υ8Percentage20Υ9ActualIncreaseBudgetedUnits(Decrease)Units (rounded)8" x 10" Frame:East%Central%West%12" x 16" Frame:East%Central%West%II I|II IIII II 3. Prepare a sales budget for the year ending December 31, 20Y9.Raphael Frame CompanySales BudgetFor the Year Ending December 31, 20Y9Product and AreaUnit Sales VolumeUnit Selling PriceTotal Sales8" x 10" Frame:East$CentralWestTotal12" x 16" Frame:EastCentralWestTotalTotal revenue from sales

Budget means the expected value of future. Budget is not affected by the actual value as it is…

Answered: For 20Y8, Raphael Frame Company…

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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For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year:

	Unit Sales
	8" x 10" Frame	12" x 16" Frame
East	30,660	14,522
Central	8,137	4,606
West	7,081	3,672

	Raphael Frame Co. Sales Budget For the Year Ending December 31, 20Y8
Product and Area		Unit Sales Volume	Unit Sales Price	Total Sales
8" x 10" Frame:
East		29,200	$26	$759,200
Central		7,900	26	205,400
West		7,300	26	189,800
Total		44,400		$1,154,400

12" x 16" Frame
East		13,700	$27	$369,900
Central		4,700	27	126,900
West		3,600	27	97,200
Total		22,000		$594,000
Total Revenue from sales				$1,748,800

For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8"x10" frame is expected to increase to $27 and the unit selling price for the 12"x16" frame is expected to increase to $29, effective January 1, 20Y9.

Please see the pictures for the prompts. Theres 3 parts. Thank you!