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RESOURCES Problem D5-31 Waterway Enterprises is a boutique guitar manufacturer. The company produces both acoustic...

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RESOURCES Problem D5-31 Waterway Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional m for 2018. The forecasted sales prices indude a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices Sales Price $1,250 $2,380 1st Quarter 210 420 2nd Quarter 300 340 3rd Quarter 300 300 4th Quarter 305 360 Acoustic guitar sales Electric guitar sales Prepare Waterway's sales budget for 2018. Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Electric: 1 2000-20 All Rights Reserved. A Division of 3 Acoustic: Electric: Total revenue On December based on the following quarter's sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter 2019. Prepare the 2018 production budget for acoustic guitars r 31, 2017, Waterway had 30 acoustic guitars in stock- -fewer than the desired inventory level of 84 guitar n Budget 1st Quarter 2nd quarter ard Quarterl 4th Quarter Annual

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