Quick Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell

Question:

Quick Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $20, respectively. Because of the in- tense competition Quick faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2002 are as follows.

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No changes in selling prices are anticipated.

Instructions 

Prepare a sales budget for the 2 quarters ending June 30, 2002. List the products and show for each quarter and for the 6 months, units, selling price, and total sales be product and in total.

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Managerial Accounting Tools For Business Decision Making

ISBN: 9780471413653

2nd Canadian Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

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