Sales Budget Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $627, and the S12L5 sells for $396. Projected sales (number of speakers) for the coming five quarters are as follows:   S12L7 S12L5 First quarter, 20Y1 800 1,300 Second quarter, 20Y1 2,200 1,400 Third quarter, 20Y1 5,600 5,300 Fourth quarter, 20Y1 4,600 3,900 First quarter, 20Y2 900 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Required: Prepare a sales budget for each quarter of 20Y1 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer.   1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year S12L7:           Units fill in the blank 2f6b2604ff91fe0_1 fill in the blank 2f6b2604ff91fe0_2 fill in the blank 2f6b2604ff91fe0_3 fill in the blank 2f6b2604ff91fe0_4 fill in the blank 2f6b2604ff91fe0_5 Price $fill in the blank 2f6b2604ff91fe0_6 $fill in the blank 2f6b2604ff91fe0_7 $fill in the blank 2f6b2604ff91fe0_8 $fill in the blank 2f6b2604ff91fe0_9 $fill in the blank 2f6b2604ff91fe0_10 Sales $fill in the blank 2f6b2604ff91fe0_11 $fill in the blank 2f6b2604ff91fe0_12 $fill in the blank 2f6b2604ff91fe0_13 $fill in the blank 2f6b2604ff91fe0_14 $fill in the blank 2f6b2604ff91fe0_15 S12L5:           Units fill in the blank 2f6b2604ff91fe0_16 fill in the blank 2f6b2604ff91fe0_17 fill in the blank 2f6b2604ff91fe0_18 fill in the blank 2f6b2604ff91fe0_19 fill in the blank 2f6b2604ff91fe0_20 Price $fill in the blank 2f6b2604ff91fe0_21 $fill in the blank 2f6b2604ff91fe0_22 $fill in the blank 2f6b2604ff91fe0_23 $fill in the blank 2f6b2604ff91fe0_24 $fill in the blank 2f6b2604ff91fe0_25 Sales $fill in the blank 2f6b2604ff91fe0_26 $fill in the blank 2f6b2604ff91fe0_27 $fill in the blank 2f6b2604ff91fe0_28 $fill in the blank 2f6b2604ff91fe0_29 $fill in the blank 2f6b2604ff91fe0_30 Total sales $fill in the blank 2f6b2604ff91fe0_31 $fill in the blank 2f6b2604ff91fe0_32 $fill in the blank 2f6b2604ff91fe0_33 $fill in the blank 2f6b2604ff91fe0_34 $fill in the blank 2f6b2604ff91fe0_35   How will Stillwater Designs use this sales budget? Stillwater Designs will use the sales budget in planning as the basis for the production budget. The company can also compare actual sales against the budget to see if expectations were achieved. Both 1 and 2 None of the above

Omegon Limited has the following sales forecasts for its watches next year:First Quarter..10,000 unitsSecond Quarter.5% increase over first quarterThird Quarter 3% increase from second quarterFourth Quarter.8% increase over third quarterWhat is Omegon’s total sales budget in units for next year?1) 43,485 units.2) 42,995 units.3) 40,685 units.4) 40,000 units

Navigator sells GPS trackers for $60 each. It expects sales of 5,200 units in quarter 1 and a 5% Increase each subsequent quarter for the next 8 quarters. Prepare a sales budget by quarter for the first year. Round final answers to nearest whole dollar. Navigator Sales Budget For the Year Ending Dec. 31, 20XX Quarter 1 Quarter 2 Quarter 3 Quarter 4 8 Expected Sales (Units) Sales Price per Unit Total Sales Revenue Total

Sales and Production Budgets Berring Company produces two products: the deluxe and the standard. The deluxe sells for $40, and the standard sells for $10. Projected sales of the two models for the coming four quarters are given below.   Deluxe Standard First quarter 12,000     90,000     Second quarter 14,200     88,200     Third quarter 16,800     92,000     Fourth quarter 20,000     91,400     The president of the company believes that the projected sales are realistic and can be achieved by the company. In the factory, the production supervisor has received the projected sales figures and gathered information needed to compile production budgets. He found that 1,300 deluxes and 1,170 standards were in inventory on January 1. Company policy dictates that ending inventory should equal 20 percent of the next quarter’s sales for deluxes and 10 percent of next quarter’s sales for standards. Required: Question Content Area 1. Prepare a sales budget for each quarter…

Surf Inc. has prepared the sales forecast as shown below:                Description   Month 1   Month 2   Month 3  Month 4  Sales Forecast        25,000.00       27,000.00       29,000.00        23,000.00           Prepare the production budget and show the required production for Months 1-3           Beg Inv Month 1         3,500.00       Required Ending Inventory 15% of the next months budgeted sales            Description   Month 1   Month 2   Month 3

The marketing department of Kyle Corporation has submitted the following sales forecast for the upcoming fiscal year:     1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted sales (units) 8,800 10,800 12,800 11,800     The selling price of the company’s product is $28 per unit. Management expects to collect 60% of sales in the quarter in which the sales are made and 35% in the following quarter; 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter, is $88,500.   The company expects to start the first quarter with 2,400 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter’s budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,650 units.   Required: 1-a. Prepare the company's sales budget.     1-b. Prepare the schedule of expected cash collections.     2.…

Vaughn Chemicals has developed a new window cleaner that requires two ingredients, AM972 and CA38. Based on forecasted sales, Vaughn has developed the following budgeted production for the coming year.       1st Quarter   2nd Quarter   3rd Quarter   4th Quarter   1st QuarterNext Year     Forecasted production (gallons)   5,000   7,000   9,000   12,500   6,000   Each gallon of window cleaner requires 100 ounces of AM972 and 28 ounces of CA38. An ounce of AM972 costs Vaughn $0.15. An ounce of CA38 costs the company $0.25. Vaughn's inventory policy requires ending inventory equal to 20% of the next quarter's production needs. At the beginning of the year, Vaughn expects to have 80,000 ounces of AM972 and 30,000 ounces of CA38 on hand.Prepare Vaughn's AM972 purchases budget for the coming year. (Enter price per ounce to 2 decimal places, e.g. 0.35.)       1st Quarter   2nd Quarter   3rd Quarter   4th Quarter   Annual     select an opening purchase…

Give answer as per required

So es AZ Products The marketing department of AZ Products has submitted the following sales forecast for the upcoming fiscal year: 1st Quarter Budgeted sales (units) 10,000 2nd Quarter 3rd Quarter 4th Quarter 9,000 6,000 8,000 The company is set to start the first quarter with an inventory of 3,200 units of finished goods. The goal is to maintain an ending inventory of finished goods each quarter that equals 20% of the next quarter's projected sales, with a target of 3,400 units for the end of the fourth quarter. The initial raw materials inventory for the first quarter is projected at 6,240 kilograms, and the starting accounts payable is estimated at $29,640. Each unit produced requires two kilograms of raw material, priced at $8 per kilogram. The company's objective is to conclude each quarter with raw material inventory that is 10% of the next quarter's production requirements, aiming for 6,280 kilograms by the end of the fourth quarter. Furthermore, the company intends to pay 75%…