Sales Budget
Quarterly and annual sales for this year for Steen Manufacturing Company follow. Prepare a sales budget for next year for the company based on the estimated percentage increases shown by product class. Show both quarterly and annual totals for each product class.
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Steen Manufacturing Company Actual Sales Revenue For the Year Ended December 31 |
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Product Class |
January– March |
April– June |
July– September |
October– December |
Annual by Totals |
Estimated Percent Increases by Product Class |
|
Marine products |
$ 44,500 |
$ 45,500 |
$ 48,200 |
$ 47,900 |
$ 186,100 |
10% |
|
Mountain products |
36,900 |
32,600 |
34,100 |
37,200 |
140,800 |
5% |
|
River products |
29,800 |
29,700 |
29,100 |
27,500 |
116,100 |
30% |
|
Hiking products |
38,800 |
37,600 |
36,900 |
39,700 |
153,000 |
15% |
|
Running products |
47,700 |
48,200 |
49,400 |
49,900 |
195,200 |
25% |
|
Biking products |
65,400 |
65,900 |
66,600 |
67,300 |
265,200 |
20% |
|
Totals |
$263,100 |
$259,500 |
$264,300 |
$269,500 |
$1,056,400 |
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