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Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $15 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 Product Quarter 1 Quarter 2 XQ-10320,00022,000 XQ-10412,00015,000 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 Quarter 1 Quarter 2 Six Months Product Units Selling Price Total Sales Units Selling Price Total Sales Units Selling Price Total Sales XQ-103 $ $ $ $ $ $ XQ-104 Totals $ $ $

Respuesta :

Answer:XQ-103 Total sales $630,000 XQ-104 Total sales $675,000

Explanation:

XQ-103 sales budget for Quater 1

Unit. Selling price. Total sales

$ $

XQ-103. 20,000. 15. 300,000

XQ - 103 sales budget for Quater 2.

Unit. Selling price. Total sales

$ $

XQ-103. 22,000. 15. 330,000

X Q-104 sales budget for Quater 1

Unit. Selling price. Total sales

$ $

XQ-104. 12,000. 25. 300,000

XQ-104 sales budget for Quater 2

Unit. Selling price. Total sales

$ $

XQ-104. 15,000. 25. 375,000

Edington Electronic Inc

Sales budget for the year ended June 30, 2017

Unit. Selling price. Total sales

$ $

XQ-103. 20,000. 15. 300,000

XQ-103. 22,000. 15. 330,000

-----------------------

630,000

----------------------------

Edington Electronic Inc

Sales budget for the year ended june 30,2017

Unit. Selling price. Total sales

$ $

XQ-104. 12,000. 25. 300,000

XQ-104. 15,000. 25. 375,000

---------------------

675,000

------------------------

Workings

XQ-103

20,000 ×15 = 300,000

22,000 × 15 = 330,000

XQ -104

12,000 × 25 = 300,000

15,000 × 25 = 375,000

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