Edington Electronics Inc. produces and sells two models of pocket calculators, X
ID: 2469003 • Letter: E
Question
Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2014 are as follows.
Unit Sales
Product
Quarter 1
Quarter 2
No changes in selling prices are anticipated.
Prepare a sales budget for the 2 quarters ending June 30, 2014. 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
For the Six Months Ending June 30, 2014
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
Unit Sales
Product
Quarter 1
Quarter 2
XQ-103 22,810 26,990 XQ-104 14,800 17,470Explanation / Answer
Q1
Q2
Six months
XQ-103
22810*12=273,720
26,990*12=323,880
$597,600
XQ-104
14,800*25=370,000
17,470*25=436,750
806,750
totals
$643,720
$760,630
$1,404,350
Q1
Q2
Six months
XQ-103
22810*12=273,720
26,990*12=323,880
$597,600
XQ-104
14,800*25=370,000
17,470*25=436,750
806,750
totals
$643,720
$760,630
$1,404,350
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