Sales Budget

Sales Budget. Perlas Manufacturing Company produces two product lines. The sales department estimates that 150,000 units of Product 1 will be sold next year, and that 240,000 units of Product 2 will be sold. Product 1 will be sold at P8 per unit, and Product 2 will be sold at P10 per unit. Product 1 is expected to sell more heavily during the first half of the year, with 40 percent of total sales in the first quarter, and another 40 percent in the second quarter. Of the remaining units, 20,000 units will be sold in the third quarter, and the rest will be sold in the fourth quarter. Sales for Product 2 will be evenly distributed over the four quarters. Required: Prepare a budget of sales, both in units and in pesos, by product line for each quarter