BACK NEXT 13-2 Sheffield Electronics Inc. produces and sells two models of pocke
ID: 2438330 • Letter: B
Question
BACK NEXT 13-2 Sheffield Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $27, respectively. Because of the intense Sheffield faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2017 are as follows. Product Quarter 1 Quarter 2 xQ-103 22,740 xQ-104 14,680 16,990 27,280 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2017. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total. SHEPFIELD E ONICS INC Quarter 2 Units Units Selling Price Total Sales UnitsSelling Price Total Sales XQ-103 xQ-104 4.24.8.2 ns, Inc. All Rights Reserved. A Division of 10hn Wiley &Explanation / Answer
SHEFFIELD ELECTRONICS INC.
Sales Budget
For 2 Quarters ended March 2017 and June 2017.
Quarter 1
Quarter 2
Six Months
Products
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
22740
$ 12.00
$ 272,880.00
27280
$ 12.00
$ 327,360.00
50020
$ 12.00
$ 600,240.00
XQ-104
14680
$ 27.00
$ 396,360.00
16990
$ 27.00
$ 458,730.00
31670
$ 27.00
$ 855,090.00
Totals
37420
$ 669,240.00
44270
$ 786,090.00
81690
$ 1,455,330.00
SHEFFIELD ELECTRONICS INC.
Sales Budget
For 2 Quarters ended March 2017 and June 2017.
Quarter 1
Quarter 2
Six Months
Products
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
22740
$ 12.00
$ 272,880.00
27280
$ 12.00
$ 327,360.00
50020
$ 12.00
$ 600,240.00
XQ-104
14680
$ 27.00
$ 396,360.00
16990
$ 27.00
$ 458,730.00
31670
$ 27.00
$ 855,090.00
Totals
37420
$ 669,240.00
44270
$ 786,090.00
81690
$ 1,455,330.00
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