Exercise 23-2 Edington Electronics Inc. produces and sells two models of pocket
ID: 2558816 • Letter: E
Question
Exercise 23-2 Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and xQ-104. The calculators sell for $14 and $25, respectively. Becaus projections for the first 2 quarters of 2017 are as follows Unit Sales Product Quarter 1 Quarter 2 xQ-103 XQ-104 22,960 13,200 26,170 16,930 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 t EDINGTON ELECTRONICS INC. Sales Budget Quarter 1 ing Price Quarter Selling Price Total Sales Product XQ-103 xQ-104 Totals Units Units TotExplanation / Answer
EDINGTON ELECTRONICS INC.
Sales Budget
For the 2nd quarter ending June 30, 2017
Product
Quarter 1
Quarter 2
Six Months
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
22960
$14
$321,440
26170
$14
$366,380
49130
$14
$687,820
XQ-104
13200
$25
$330,000
16930
$25
$423,250
30130
$25
$753,250
Totals
36160
$651,440
43100
$789,630
79260
$1,441,070
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EDINGTON ELECTRONICS INC.
Sales Budget
For the 2nd quarter ending June 30, 2017
Product
Quarter 1
Quarter 2
Six Months
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
22960
$14
$321,440
26170
$14
$366,380
49130
$14
$687,820
XQ-104
13200
$25
$330,000
16930
$25
$423,250
30130
$25
$753,250
Totals
36160
$651,440
43100
$789,630
79260
$1,441,070
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