Exercise 178

Leaf Industries is preparing its master budget for 2016. 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. Prepare a sales budget for 2016 for Leaf Industries. (Round unit selling price to 2 decimal places, e.g. 52.75.)

LEAF INDUSTRIES

Sales Budget

For the Year Ended December 31, 2016

First Quarter Second Quarter Third Quarter Fourth Quarter Year

$ $ $ $ $

$ $ $ $ $