Exercise 21-2 Edington Electronics Inc. produces and sells two models of pocket
ID: 2522627 • Letter: E
Question
Exercise 21-2 Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $13 and $26, 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 Quarter 1 Quarter 2 xQ-103 XQ-104 22,470 13,200 27,190 17,530 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 Quarter1 Selling Price Six Months Quarter 2 Selling Price Product Units Total Sales Units Total Sales Units Selling Price Total Sales XQ-103 XQ-104 Totals LINK TO TEXT VIDEO: APPLIED SKILLSExplanation / Answer
Answer
Quarter 1
Quarter 2
Six months
Product
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ 103
22470
$ 13.00
$ 2,92,110.00
27190
$ 13.00
$ 3,53,470.00
49660
$ 13.00
$ 6,45,580.00
XQ 104
13200
$ 26.00
$ 3,43,200.00
17530
$ 26.00
$ 4,55,780.00
30730
$ 26.00
$ 7,98,980.00
Total
35670
$ 6,35,310.00
44720
$ 8,09,250.00
80390
$ 14,44,560.00
Quarter 1
Quarter 2
Six months
Product
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ 103
22470
$ 13.00
$ 2,92,110.00
27190
$ 13.00
$ 3,53,470.00
49660
$ 13.00
$ 6,45,580.00
XQ 104
13200
$ 26.00
$ 3,43,200.00
17530
$ 26.00
$ 4,55,780.00
30730
$ 26.00
$ 7,98,980.00
Total
35670
$ 6,35,310.00
44720
$ 8,09,250.00
80390
$ 14,44,560.00
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