Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Edington Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, respectively. Because of the intense

Edington Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25, respectively. Because of the intense competition Edington 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 20,000 22,000
XQ-104 12,000 15,000

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.

EDINGTON ELECTRONICS INC. Sales Budget choose the accounting period For the Six Months Ending June 30, 2022June 30, 2022For the Quarter Ending June 30, 2022

Quarter 1

Quarter 2

Six Months

Product

Units

Selling Price

Total Sales

Units

Selling Price

Total Sales

Units

Selling Price

Total Sales

XQ-103

enter a number of units

$enter a dollar amount

$enter a dollar amount

enter a number of units

$enter a dollar amount

$enter a dollar amount

enter a number of units

$enter a dollar amount

$enter a dollar amount

XQ-104

enter a number of units enter a dollar amount enter a dollar amount enter a number of units enter a dollar amount enter a dollar amount enter a number of units enter a dollar amount enter a dollar amount

Totals

enter a total number of units $enter a total dollar amount enter a total number of units $enter a total dollar amount enter a total number of units $enter a total dollar amount

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

14th Edition

133081605, 132575957, 9780133081602, 978-0132575959

More Books

Students also viewed these Accounting questions

Question

Am I buying this in an attempt to satisfy a psychological need?

Answered: 1 week ago