Exercise 21-2 Edington Electronics Inc. produces and sells two models of pocket

Question

Exercise 21-2 Edington Electronics Inc. produces and sells two models of pocket calculators, xQ-103 and XQ-104. The calculators sell for $14 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 Quarter 1 Quarter2 Product xQ-103 xQ-104 22,960 13,200 26,170 16,930 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 Quarter2 Six Months Product Units Selling Price Total Sales Units Selling Price Total Sales Units Selling Price Total Sales X-103 XQ-104 Totals

Explanation / Answer

Sales Budget For the 2 quarters ending June 30,2017 Quarter 1 Quarter 2 Six months Product Units Selling price Total sales Units Selling price Total sales Units Selling price Total sales XQ-103 22960 14 321440 26170 14 366380 49130 14 687820 XQ-104 13200 25 330000 16930 25 423250 30130 25 753250 36160 651440 43100 789630 79260 1441070

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