Quarterly and annual sales for this year for Steen Manufacturing Company follow. Prepare a sales budget for
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Quarterly and annual sales for this year for Steen Manufacturing Company follow. Prepare a sales budget for next year for the company based on the estimated percentage increases shown by product class. Show both quarterly and annual totals for each product class.
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Steen Manufacturing Company Actual Sales Revenue For the Year Ended December 31 Estimated Percent Increases Product January AprJuly October- Annual by Product Marine Mountain River Hiking Running Biking ClassMc June September December Totals Class products 44500 45,500$ 48,200 47900 186,100 10% products 36,900 32,600 34,100 37,200 140,800 596 products 29,B00 29,700 29,100 27,500 116,100 3046 products 38,800 37,600 36,900 39,700 153,000 15% products 47,700 48,200 49,400 49,900 195,200 25% products 65,400 65,900 66,600 67,300 265,200 206 263,100 $259,500 $264,300 $269,500 $1,056,400
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