Exercise 13-2 Novak Electronics Inc. produces and sells two models of pocket cal

Question

Exercise 13-2 Novak Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 and $26, respectively. Because of the intense competition Novak faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2017 are as follows Unit Sales Quarter Quarter Product 1 xQ-103 21,670 XQ-104 13,540 16,200 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2017. Ust the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total 26,320 NOVAK INC. Sales Budget Six Months Product Units Selling Price Total Sales Units Selling Price Total Sales Units Selling Price Total Sales XQ-103 XQ-104 Tota's Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Sales Budget For the Six Months Ending June 30, 2017 Quarter 1 Quarter 2 Six Months Units Selling Price Total Sales Units Selling Price Total Sales Units Selling Price Total Sales XQ-103 21670 14 303380 26320 14 368480 47990 14 671860 XQ-104 13540 26 352040 16200 26 421200 29740 26 773240 Totals 35210 655420 42520 789680 77730 1445100

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