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 Product XQ-103 xQ-104 Quarter 1 Quarter 2 21,480 13,140 26,860 16,500 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 Selling Price Quarter 1 Six Months Product Units Selling Price Total Sales Units Total Sales Units Selling Price Total Sales XQ-103 XQ-104 Totals

Explanation / Answer

Dear Student Thank you for using Chegg EDINGTON ELECTRONICS INC Please find below the answer and please give thumbs up   SALES BUDGET Statementshowing Computations Quarter 1 Quarter 2 Total Paticulars Units   Selling price Total Sales Units   Selling price Total Sales Units   Selling price Total Sales XQ-103    21,480.00                   14.00    300,720.00    26,860.00                   14.00    376,040.00    48,340.00                   14.00        676,760.00 XQ-104    13,140.00                   25.00    328,500.00    16,500.00                   25.00    412,500.00    29,640.00                   25.00        741,000.00 Totals    34,620.00    629,220.00    43,360.00    788,540.00    77,980.00    1,417,760.00

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