Answer:
Paige Company's Sales Budget by quarters for the year ending December 31, 2020 will be as follows:
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Total
Sales in unit 10,100 12,200 14,700 18,600 55,600
Unit Price $83 $83 $83 $83 $83
Total $838,300 $1,012,600 $1,220,100 $1,543,800 $4,614,800
Quarter 1 Sales Budget = 10,100 units x $83 = $838,300
Quarter 2 Sales Budget = 12,200 units x $83 = $1,012,600
Quarter 3 Sales Budget = 14,700 units x $83 = $1,220,100
Quarter 4 Sales Budget = 18,600 units x $83 = $1,543,800
Step-by-step explanation:
A sales budget is an estimate of the volume of sales for a future period. The sales volume is made up of total units and price.
The sales budget helps management to know how much revenue it can make in a future period and also to plan the resources required to achieve the target. It sets targets that must be achieved in both quantity and price and forms the basis for planning and controlling sales efforts, and taking decisions to help realise the envisaged estimates.
The year total is a summation of the quarter 1 to 4 totals.