Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2020 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ-103 21,500 26,710 XQ-104 14,940 16,410 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2020. 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. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2020 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ-103 21,500 26,710 XQ-104 14,940 16,410 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2020. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and
$25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for
the first 2 quarters of 2020 are as follows.
Unit Sales
Product
Quarter 1
Quarter 2
XQ-103
21,500
26,710
XQ-104
14,940
16,410
No changes in selling prices are anticipated.
Prepare a sales budget for the 2 quarters ending June 30, 2020. List the products and show for each quarter and for the 6 months,
units, selling price, and total sales by product and in total.
Transcribed Image Text:EDINGTON ELECTRONICS INC.
Sales Budget
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
%24
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