Locksafe Company manufactures burglar-resistant commercial door locks. Recently the company began selling locks on the Web, and the company expects sales to increase dramatically compared with the prior year. For the past year, 2011, unit sales were as follows:
First quarter .........23,000
Second quarter .......28,000
Third quarter ........27,000
Fourth quarter........32,000
Required:
Assume that sales for each quarter in 2012 will be 25 percent higher than they were in 2011 and the selling price per lock is $15.Prepare a sales budget by quarter for 2012.