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 $14 and $28, respectively. Because of the

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 and $28, 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 21,620 27,980
XQ-104 13,540 16,670

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 choose the accounting periodFor the Six Months Ending June 30, 2017For the Quarter Ending June 30, 2017June 30, 2017 For the Six Months Ending June 30, 2017June 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

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 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

Totals

enter a total number of units for this column $enter a total amount for this column enter a total number of units for this column $enter a total amount for this column enter a total number of units for this column $enter a total amount for this column

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

Principles Of External Auditing

Authors: Brenda Porter, Jon Simon, David Hatherly

2nd Edition

470842973, 470842970, 978-0470842973

More Books

Students also viewed these Accounting questions

Question

=+2. Explain the interactions in the newspaper and magazine market!

Answered: 1 week ago