Question

Goody Company estimates sales that unit sales will be 10,000 in quarter 1; 12,000 in quarter 2; 14,000 in quarter 3 and 18,000 in quarter 4. Using sales price of $80 per unit. To do: Prepare the sales budget by quarters for the year ending December 31, 2017

Answer 1

Goody Company Sales Budget For the Year Ending December 31, 2017

Quarter

1 2 3 4

Unit Sales : 10,000 12,000 14,000 18,000

Unit Price: $80 $80 $80 $80

Total sales: $800,000 $960,000 $1,120,000 $1,440,000

Explanation:

To prepare the sales budget,

1) we need to write the company name and Financial year in the first.

2) Write each quarter, under it write the sales units and unit price

3) Find the total sales.

Note: To find the total total sales in each quarter, we need to multiply the unit sales and unit price.

Goody Company Sales Budget For the Year Ending December 31, 2017

Quarter

1 2 3 4

Unit Sales : 10,000 12,000 14,000 18,000

Unit Price: $80 $80 $80 $80

Total sales: $800,000 $960,000 $1,120,000 $1,440,000