Q3. Central Trading LLC, Oman operates in three countries UAE, India and Oman, which sells three branded products named as pen, pencil and eraser. The budget committee needs a sales budget for the next three months July, August and September are as follows:

Product	UAE	India	Oman
Pencil	1,00,000	30,000	70,000
Pen	80,000	65,000	80,000
Eraser	40,000	45,000	40,000

Actual sales units for the current year based on actual sales to the date and estimated sales for the balance of the year are:

Product	UAE	India	Oman
Pencil	70,000	50,000	70,000
Pen	60,000	75,000	90,000
Eraser	25,000	40,000	30,000

The selling prices per unit of pencil, pen and eraser are OMR 5, OMR 10 and OMR 1 respectively.

In the discussion with divisional sales managers, it was informed that product pencil is oversold. They proposed the following:

• If the price is increased by 10%, even then it finds a ready market.
• Price of pen can be reduced by 5% and eraser by 10%.

By incorporating these changes, the sales will be as follows:

Product	UAE	India	Oman
Pencil	(+30%)	(+40%)	(+20%)
Pen	(-10%)	(+30%)	(-10%)
Raiser	(+10%)	(+20%)	(+10%)

You are required to prepare the budget for the current year as well as budget for next year.