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    Sales Budget and Increases in Sales

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    The Tin Bucket Company makes tin buckets in a standard two gallon size. At the beginning of this year, the company changed its advertising campaign and expects its sales to increase dramatically. For 2011, the company's sales were as follows:

    First Quarter
    20,000 units
    Second Quarter
    25,000 units
    Third Quarter
    30,000 units
    Fourth Quarter
    25,000 units

    Sales for each quarter of 2012 are projected to be 25% higher than they were in each quarter of 2011. The selling price per bucket is $15. Prepare a sales budget.

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    Solution Preview

    First Quarter:
    20,000 units + 25% = 25,000 units * $15 per unit = $375,000

    Second ...

    Solution Summary

    This solution provides calculations for preparing a sales budget using % increase in sales.