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Leaf Industries is preparing its master budget for 2013. Relevant data pertaining to its sales budget are as follows:Sales for the year are expected to total 8,000,000 units. Quarterly sales are 25%, 30%, 15%, and 30%, respectively. The sales price is expected to be $2.00 per unit for the first quarter and then be increased to $2.20 per unit in the second quarter. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total for YrUnit Sales 8,000,000Unit Selling Price Total Sales

Respuesta :

Answer:

Total sales revenue is $17,200,000

Average selling price is $2.15

Explanation:

                                                  Q1         Q2           Q3          Q4                Total

sales (8,000,000*25%)2,000,000                                                    2,000,000

sales (8,000,000*30%)                   2,400,000                                  2,400,000

sales(8,000,000*15%)                                       1,200,000                 1,200,000

sales(8,000,000*30%)                                                        2,400,000 2,400,000

sales price                         $2               $2.20     $2.20         $2.20

Revenue(price*qty)    $4,000,000 $5,280,000 $2,640,000 $5280,000

Total sales=( $4,000,000+ $5,280,000+ $2,640,000 + $5280,000)=$17,200,000

Average sales price=total revenue/total volume

total revenue of $17,200,000

total volume 8,000,000

average sales price=$17,200,000/8,000,000=$2.15