Leaf Industries is preparing its master budget for 2018. Relevant data pertainin

Question

Leaf Industries is preparing its master budget for 2018. Relevant data pertaining to its sales budget are as follows: 1. Sales for the year are expected to total 8,500,000 units. Quarterly sales are 25%, 30%, 15%, and 30%, respectively. The sales price is expected to be $3.00 per unit for the first quarter and then be increased to $3.20 per unit in the second quarter. 1" Quarter 2d Quarter3" Quarter 4Quarter Total for Yr Unit Sales Unit Selling Price Total Sales 8,500,000 00320 $3.20 $3.00 $3.20

Explanation / Answer

1st quarter 2nd quarter 3rd quarter 4th quarter Year Unit sales 2125000 2550000 1275000 2550000 8500000 Unit selling price 3 3.2 3.2 3.2 Total sales 6375000 8160000 4080000 8160000 26775000

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