Ask Question
7 September, 05:42

Brief Exercise 13-2 Paige Company estimates that unit sales will be 10,000 in quarter 1, 14,000 in quarter 2, 15,000 in quarter 3, and 18,000 in quarter 4. Using a sales price of $70 per unit. Prepare the sales budget by quarters for the year ending December 31, 2017.

+2
Answers (1)
  1. 7 September, 07:22
    0
    Q1 = $700,000

    Q2 = $980,000

    Q3 = $1,050,000

    Q4 = $1,260,000

    Explanation:

    Giving the following information:

    Paige Company estimates that unit sales will be 10,000 in quarter 1, 14,000 in quarter 2, 15,000 in quarter 3, and 18,000 in quarter 4. Using a sales price of $70 per unit.

    We know that budgeted sales are the result of multiplying the estimated sales with the selling price:

    Q1 = $70*10,000 = $700,000

    Q2 = $70*14,000 = $980,000

    Q3 = $70*15,000 = $1,050,000

    Q4 = $70*18,000 = $1,260,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Brief Exercise 13-2 Paige Company estimates that unit sales will be 10,000 in quarter 1, 14,000 in quarter 2, 15,000 in quarter 3, and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers