Edington Electronics Inc. produces and sells two models of pocket calculators, X

Question

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $13 and S26, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2014 are as follows. 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.

Explanation / Answer

Sales Budget Product Quarter 1 Quarter 2 Six months Units Selling price Total sales Units Selling price Total sales Units Selling price Total sales XQ-103 22890 13 297570 27650 13 359450 50540 13 657020 XQ-104 14670 26 381420 16100 26 418600 30770 26 800020 Totals 37560 678990 43750 778050 81310 1457040

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