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Parker Corp., which operates on a calendar year, expects to sell 6,000 units in October, and expects sales to increase 5% each month thereafter. Sales price is expected to stay constant at $16 per unit. What are budgeted revenues for the fourth quarter

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Answer:

Total Budgeted sales revenue = $302,640.

Explanation:

Parker Corp.

Sales budget

For the end of the fourth quarter

                                             October         November      December

Sales volume                        6,000              6300              6,615

Sales per unit                       $16                   $16                 $16

Budgeted sales revenue     $96,000          $100,800       $105,840

Total Budgeted sales revenue = $96,000 + $100,800 + $105,840 = $302,640.

Calculation: Sales volume for November = 6,000 + (6,000 × 5%) = 6300.

Sales volume for December = 6300 + (6300 × 5%) = 6,615.

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