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  • Sales Budget Homework

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    aly kayle
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    The document contains sales forecasts for Edington Electronics for quarters 1 and 2 of 2017, as well as a semi-annual forecast. It forecasts that product XQ-103 will have total sales of $630,000 and product XQ-104 will have total sales of $675,000 for the first six months of the year. The document also contains a sales budget for the accounting firm Thome and Crede for the year 2017. It forecasts that the auditing department will generate $664,000 in total revenue, the tax department will generate $873,000, and the consulting department will generate $660,000 for the year.

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    The document contains sales forecasts for Edington Electronics for quarters 1 and 2 of 2017, as well as a semi-annual forecast. It forecasts that product XQ-103 will have total sales of $630,000 and product XQ-104 will have total sales of $675,000 for the first six months of the year. The document also contains a sales budget for the accounting firm Thome and Crede for the year 2017. It forecasts that the auditing department will generate $664,000 in total revenue, the tax department will generate $873,000, and the consulting department will generate $660,000 for the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    29 views3 pages

    Sales Budget Homework

    Uploaded by

    aly kayle
    The document contains sales forecasts for Edington Electronics for quarters 1 and 2 of 2017, as well as a semi-annual forecast. It forecasts that product XQ-103 will have total sales of $630,000 and product XQ-104 will have total sales of $675,000 for the first six months of the year. The document also contains a sales budget for the accounting firm Thome and Crede for the year 2017. It forecasts that the auditing department will generate $664,000 in total revenue, the tax department will generate $873,000, and the consulting department will generate $660,000 for the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 3

    E9-2

    Edington Electronics, Inc.


    Sales Budget for the months of January to March 2017

    January to March Forecast (Quarter 1)


    Product Units Selling Price Total Sales
    XQ-103 20000 $15.00 $300,000.00
    XQ-104 12000 $25.00 $300,000.00
    $600,000.00

    April to June Forecast (Quarter 2)


    Product Units Selling Price Total Sales
    XQ-103 22000 $15.00 $330,000.00
    XQ-104 15000 $25.00 $375,000.00
    $705,000.00

    January to June Forecast (Semi-annual)


    Product Units Selling Price Total Sales
    XQ-103 42000 $15.00 $630,000.00
    XQ-104 27000 $25.00 $675,000.00
    $1,305,000.00

    Product Quarter 1 Quarter 2 Total Sales


    XQ-103 $300,000.00 $330,000.00 $630,000.00
    XQ-104 $300,000.00 $375,000.00 $675,000.00
    E9-3
    Thome and Crede, CPAs
    Sales Budget for the year 2017

    Quarter 1
    Department Billable Hours Billable Rate Total Revenue
    Auditing 2300 $80.00 $184,000.00
    Tax 3000 $90.00 $270,000.00
    Consulting 1500 $110.00 $165,000.00
    $619,000.00

    Quarter 2
    Department Billable Hours Billable Rate Total Revenue
    Auditing 1600 $80.00 $128,000.00
    Tax 2200 $90.00 $198,000.00
    Consulting 1500 $110.00 $165,000.00
    $491,000.00

    Quarter 3
    Department Billable Hours Billable Rate Total Revenue
    Auditing 2000 $80.00 $160,000.00
    Tax 2000 $90.00 $180,000.00
    Consulting 1500 $110.00 $165,000.00
    $505,000.00

    Quarter 4
    Department Billable Hours Billable Rate Total Revenue
    Auditing 2400 $80.00 $192,000.00
    Tax 2500 $90.00 $225,000.00
    Consulting 1500 $110.00 $165,000.00
    $582,000.00

    Forecasted for the year 2017


    Department Billable Hours Billable Rate Total Revenue
    Auditing 8300 $80.00 $664,000.00
    Tax 9700 $90.00 $873,000.00
    Consulting 6000 $110.00 $660,000.00
    $2,197,000.00

    Department Quarter 1 Quarter 2 Quarter 3 Quarter 4


    Auditing $184,000.00 $128,000.00 $160,000.00 $192,000.00
    Tax $270,000.00 $198,000.00 $180,000.00 $225,000.00
    Consulting $165,000.00 $165,000.00 $165,000.00 $165,000.00
    Total Revenue
    $664,000.00
    $873,000.00
    $660,000.00

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