Korn Company is preparing its master budget for 2018. Relevant data pertaining to its sales budget are as follows:
Sales for the year are expected to total 4,000,000 units. Quarterly sales are 25%, 30%, 15%, and 30%, respectively. The sales price is expected to be $1.50 per unit for the first quarter and then be increased to $1.75 per unit in the second quarter.
Prepare a sales budget for 2018 for Korn Company.
Correct Answer:
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