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 2017 are as follows.
|
|
| Unit Sales | ||
| Product |
| Quarter 1 |
| Quarter 2 |
| XQ-103 |
| 21,000 |
| 26,000 |
| XQ-104 |
| 13,000 |
| 16,000 |
No changes in selling prices are anticipated.
Prepare a sales budget for the 2 quarters ending June 30, 2017. 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 June 30, 2017For the Six Months Ending June 30, 2017For the Quarter Ending June 30, 2017 | |||||||||||||||||
|
| Quarter 1 | Quarter 2 | Six Months | ||||||||||||||
| Product | Units |
| Selling Price |
| Total Sales |
| Units |
| Selling Price |
| Total Sales |
| Units |
| Selling Price |
| Total Sales |
| XQ-103 |
|
| $
|
| $
|
|
|
| $
|
| $
|
|
|
| $
|
| $
|
| XQ-104 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Totals |
|
|
|
| $
|
|
|
|
|
| $
|
|
|
|
|
| $
|
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