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 $14and $26, respectively. Because of the intense

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14and $26, 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 21,670 26,320
XQ-104 13,540 16,200

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 Quarter Ending June 30, 2017For the Six Months 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 $ $

$

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

Corporate Financial Reporting And Analysis

Authors: S David Young, Jacob Cohen, Daniel A Bens

4th Edition

111949463X, 9781119494638

More Books

Students also viewed these Accounting questions

Question

We are interviewing quite a few people, why should we hire you?

Answered: 1 week ago