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Sheffield Electronics Inc. produces and sells two models of pocket calculators, Deluxe and Standard. The calculators sell for $7 and $4, respectively. Because of the
Sheffield Electronics Inc. produces and sells two models of pocket calculators, Deluxe and Standard. The calculators sell for $7 and $4, respectively. Because of the intense competition Sheffield faces, management budgets sales annually. Its projections for the four quarters of 2022 are as follows:
Prepare a sales budget for the four quarters ending December 31, 2022.
a) For each quarter (1, 2, 3, 4) and for the 12 months (total of all quarters), indicate the number of units, selling price, and total sales for each product and in total.
\begin{tabular}{lrrrr} & \multicolumn{4}{c}{ Unit Sales } \\ \cline { 2 - 5 } Product & Quarter 1 & Quarter 2 & Quarter 3 & Quarter 4 \\ Deluxe & 10,000 & 14,700 & 30,100 & 25,400 \\ Standard & 15,200 & 20,000 & 25,200 & 29,600 \end{tabular} SHEFFIELD ELECTRONICS INC. Sales Budget For the year ending December 31, 2022 Quarter 1 2 3 Deluxe Sales in units Unit price Deluxe sales Standard Sales in units Unit price Standard sales Total sales combinedStep by Step Solution
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