Answer:
1.Radon Tests $3,884,100
Lead Tests $3,060,000
2.Radon Tests $3,884,100
Lead Tests $2,880,000
Explanation:
1.Preparation for 2018 sales budget for Hart & Sons
Lippart & Sons, 2017 Volume At 2017; Selling Prices
Radon Tests 11,000 $330
Lead Tests 15,000 $240
2018 Expected Change in Volume
Radon Tests 11,000 +7%
Lead Tests 15,000 -15%
Expected 2018 Volume
Radon Tests 11,000 *7% =$770
(11,000 +770)=$11,770
Lead Tests 15,000 *15%=$2,250
15,000-2,250=$12,750
Lippart & Sons Sales Budget For the Year Ended December 31,2018
Selling Price ×Units Sold = Total Revenues
Radon Tests 11,770*330=$3,884,100
Lead Tests 12,750*240=$3,060,000
2.1.Preparation for 2018 sales budget for Hart & Sons
Lippart & Sons, 2017 Volume At 2017; Selling Prices
Radon Tests 11,000 $330
Lead Tests 15,000 $200
2018 Expected Change in Volume
Radon Tests 11,000 +7%
Lead Tests 15,000 -4%
Expected 2018 Volume
Radon Tests 11,000 *7% =$770
(11,000 +770)=$11,770
Lead Tests 15,000 *4%=$600
15,000-600=$14,400
Lippart & Sons Sales Budget For the Year Ended December 31,2018
Selling Price ×Units Sold = Total Revenues
Radon Tests 11,770*330=$3,884,100
Lead Tests 14,400*200=$2,880,000