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 calculatorssell for $12 and $25, respectively. Because of the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ 104. The calculatorssell for $12 and $25, 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 Quarter 1 Quarter 2 Product XQ-103 21.220 27,660 X0-104 14,950 17.170 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, 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. Quarter 1 Product Units Selling Price Total Sales Units XQ-103 22580 $ 12 $ 270960 2621 XQ-104 13400 15 335000 1770 Totals 35980 805960 43911 Sales Budget Quarter 2 Six Months Selling Price Total Sales Units Selling Price 12 314520 18790 $ 12 25 442500 31100 $ 757020 79890 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. Six Months Total Sales Units Selling Price Total Sales $ 314520 48790 12 $ 585480 442500 31100 25 W7500 757020 79890 1362980

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

Environmental Auditing For The Non Specialist The CHGL Series On The Environment

Authors: Chris Hoggart

1st Edition

1902423704, 978-1902423708

More Books

Students also viewed these Accounting questions

Question

9. Describe the characteristics of power.

Answered: 1 week ago

Question

3. Identify and describe nine cultural value orientations.

Answered: 1 week ago