Exercise 21-2 Edington Electronics Inc. produces and sells two models of pocket

Question

Exercise 21-2 Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 and $28, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2017 are as follows. Unit Sales Product xQ-103 xQ-104 Quarter 1 Quarter 2 21,620 13,540 27,980 16,670 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 EDINGTON ELECTRONICS INC Sales Budget Quarter 1 Quarter2 Six Months Product Units Selling Price Total Sales Units Selling Price Total Sales Units Selling Price Total Sales XQ-103 XQ-104 Totals Question Attempts: 0 of 3 used

Explanation / Answer

Sales Budget For the 6 months ending June 30,2017 Quarter 1 Quarter 2 Six months XQ-103 21620 14 302680 27980 14 391720 49600 14 694400 XQ-104 13540 28 379120 16670 28 466760 30210 28 845880 Totals 35160 681800 44650 858480 79810 1540280

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