1. Oriole Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $10 and $20, respectively. Because of the intense competition Oriole faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows.

		Unit Sales
Product		Quarter 1		Quarter 2
XQ-103		22,000		24,200
XQ-104		13,200		16,500

No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.

2. Sunland Industries expects credit sales for January, February, and March to be $206,800, $244,400, and $282,000, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month.

3. Cullumber Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is as follows.

Quarter		HD-240
1		5,300
2		7,420
3		8,480
4		10,600

The January 1, 2022, inventory of HD-240 is 2,120 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2023 are expected to be 25% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter and in total for 2022.