Edington Electronics Inc. produces and sells two models of pocket calculators, X
ID: 2504967 • Letter: E
Question
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 2012 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, 2012. 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, 2012
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
Exercise 20-2Explanation / Answer
Quarter 1
Quarter 2
Six Months
Product
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
22480
15
337200
27590
15
413850
50070
15
751050
XQ-104
14410
25
360250
17710
25
442750
32120
25
803000
Totals
697450
856600
1554050
Quarter 1
Quarter 2
Six Months
Product
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
22480
15
337200
27590
15
413850
50070
15
751050
XQ-104
14410
25
360250
17710
25
442750
32120
25
803000
Totals
697450
856600
1554050
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