Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 2020 are as follows.

Unit Sales

Product

Quarter 1

Quarter 2

XQ-103 21,220 27,660
XQ-104 14,950 17,170

No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2020. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.

image text in transcribed

EDINGTON ELECTRONICS INC. Sales Budget For the Six Months Ending June 30, 2020 Six Months Quarter 1 Selling Price Quarter 2 Selling Price Product Units Total Sales Units Total Sales Selling Price Total Sales 2 XQ-103 22580 12.00 270960 26210 T 12.00 314520 48790 585480 XQ-104 13400 25.00 335000 17700 T 25.00 442500 31100 777500 Totals 35980 605960 43910 757020 79890 1362980

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

Computer Auditing Security And Internal Control Manual

Authors: Javier F. Kuong

1st Edition

0131629670, 978-0131629677

More Books

Students also viewed these Accounting questions

Question

Go off on tangents and do not stay focused on the agenda.

Answered: 1 week ago

Question

Persuading Your Audience Strategies for

Answered: 1 week ago