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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.

Answer :

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Answer:

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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