Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started