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27 January, 12:56

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.

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  1. 27 January, 13:04
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    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
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