Exercise 21-2 Your answer is partially correct. Try again. Edington Electronics
ID: 2536735 • Letter: E
Question
Exercise 21-2 Your answer is partially correct. Try again. Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, 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 22,580 13,400 26,210 17,700 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 For the Six Months Ending June 30, 2017 Quarter 1 Quarter 2 Six Months Selling Price Total Sales Selling Price Total Sales Product Units Units Units Selling Price Total Sales XQ-103 2,58 7096 6,21 1452 XQ-104 3,40 7.70 Totals ?59801 0596 391 5702Explanation / Answer
Ans. EDINGTON ELECTRONICS INC. Sales Budget For the Six Months Ending June 30, 2017 Quarter 1 Quarter 2 Six Months Product Units Selling Price Total sales Units Selling Price Total sales Units Selling Price Total sales XQ-103 22580 12 270960 26210 12 314520 48790 12 585480 XQ-104 13400 25 335000 17700 25 442500 31100 25 777500 Totals 35980 605960 43910 757020 1362980 One Quarter has 3 months so, Total of Two quarter = Six months. Sales units of Six months = Sales units of Quarter 1 + Sales units of Quarter 2 XQ-103 22580 + 26210 = 48790 XQ-104 13400 + 17700 = 31100 *The selling price per unit will be same.
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