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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 21,000 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, 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. Quarter 1 Product Units Selling Price Total Sales XQ-103 12 $ tA 21000 $ 252000 XQ-104 25 13000 325000 Totals 37 $ ta 577000 Quarter 2 Units Selling Price Total Sales 25 $ 26000 $ 12 16000 37 Six Months Units Selling Price Total Sales 29000 $ 76000 25 ta 1289000
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