V. Zarb, the marketing manager for Maltese Treasures Ltd, is preparing a sales budget for the year ended 30 June 2020. In reviewing the actual sales data for the previous year, the sales and marketing managers agree that the number of units of Valletta pictures sold in the year ended 30 June 2020 should represent a 20% increase over the previous year’s sales, Gozo print unit sales should increase 10%, and Maltese cross unit sales should decrease 8%. The managers’

projections took into consideration the general economic conditions and expected changes in consumer preferences. The selling prices of Valletta and Gozo artwork will increase 15% and the selling price of Maltese crosses will decline 5%. The percentages of each product’s sales occurring in each quarter are as shown as follows.

The actual product sales data for the year ended 30 June 2019 were as follows.

Required

(a) Prepare the marketing manager’s sales budget for the year ended 30 June 2020, showing projected dollar sales by quarter.

Transcribed Image Text:

First Second Third Fourth quarter quarter quarter quarter Valletta pictures 25% 30% 15% 30% Gozo prints 20% 25% 35% 20% Maltese cross 30% 20% 25% 25%