Question
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.
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 1362980Step by Step Solution
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