Question
Electric Inc. produces and sells two models of calculators, 103 and 104. They sell for $15 (#103) and $25 (#104). Management budgets sales semiannually. Its
Electric Inc. produces and sells two models of calculators, 103 and 104. They sell for $15 (#103) and $25 (#104). Management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are:
|
| Unit Sales | |
| Product | Quarter 1 | Quarter 2 |
| Model 103 | 20,000 | 22,000 |
| Model 104 | 12,000 | 15,000 |
No changes in selling prices are anticipated.
Instructions
Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show units, selling price, and total sales by product and in total for each quarter and for the 6 months.
| Product | Quarter 1 | Quarter 2 | Six Months | ||||||
|
| Units | Selling Price | Total Sales | Units | Selling Price | Total Sales | Units | Selling Price | Total Sales |
| 103 |
|
|
|
|
|
|
|
|
|
| 104 |
|
|
|
|
|
|
|
|
|
| Totals |
|
|
|
|
|
|
|
| 1,305,000 |
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Accounting Information Systems
Authors: George H. Bodnar, William S. Hopwood
8th Edition
0130861774, 9780130861771
