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 22,580 26,210 XQ-104 13,400 17,700 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.
For the Six Months Ending June 30, 2020June 30, 2020For the Quarter Ending June 30, 2020
Quarter 1
Quarter 2
Six Months
Product
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
enter a number of units
$enter a dollar amount
$enter a dollar amount
enter a number of units
$enter a dollar amount
$enter a dollar amount
enter a number of units
$enter a dollar amount
$enter a dollar amount
XQ-104
enter a number of unitsenter a dollar amountenter a dollar amountenter a number of unitsenter a dollar amountenter a dollar amountenter a number of unitsenter a dollar amountenter a dollar amount
Totals
enter a total number of units$enter a total dollar amount enter a total number of units$enter a total dollar amount enter a total number of units$enter a total dollar amount
For the Six Months Ending June 30, 2020June 30, 2020For the Quarter Ending June 30, 2020
Quarter 1
Quarter 2
Six Months
Product
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
enter a number of units
$enter a dollar amount
$enter a dollar amount
enter a number of units
$enter a dollar amount
$enter a dollar amount
enter a number of units
$enter a dollar amount
$enter a dollar amount
XQ-104
enter a number of unitsenter a dollar amountenter a dollar amountenter a number of unitsenter a dollar amountenter a dollar amountenter a number of unitsenter a dollar amountenter a dollar amount
Totals
enter a total number of units$enter a total dollar amount enter a total number of units$enter a total dollar amount enter a total number of units$enter a total dollar amount
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Horngrens Accounting Volume 1
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
11th Canadian Edition
0135359708, 9780135359709
