Prepare a sales budget for 2 quarters Exercise 1 Trusler Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The sell for calculators $14.00 and $26.00 respectively. Because of the intense competition Trusler faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows. Unit Sales Quarter 1 21,000 13,000 Product Quarter 2 26,000 16,000 ХО-103 ХО-104 No changes in selling prices are anticipated. Instructions: Prepare a sales budget for the 2 quarters ending June 30, 2022 using the below budget table. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.

Prepare a sales budget for 2 quarters Exercise 1 Trusler Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The sell for calculators $14.00 and $26.00 respectively. Because of the intense competition Trusler faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows. Unit Sales Quarter 1 21,000 13,000 Product Quarter 2 26,000 16,000 ХО-103 ХО-104 No changes in selling prices are anticipated. Instructions: Prepare a sales budget for the 2 quarters ending June 30, 2022 using the below budget table. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.

Question

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Prepare a sales budget for 2 quarters
Exercise 1 Trusler Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The
sell for calculators
$14.00
and
$26.00
Trespectively. Because of the intense competition
Trusler faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows.
Unit Sales
Quarter 2
26,000
Product
Quarter 1
ХО-103
21,000
ХО-104
13,000
16,000
No changes in selling prices are anticipated.
Instructions:
Prepare a sales budget for the 2 quarters ending June 30, 2022 using the below budget table. List the products and show for each quarter
and for the 6 months, units, selling price, and total sales by product and in total.
TRUSLER ELECTRONICS INC.
Sales Budget
For the Six Months Ending June 30, 2020
Quarter 1
Quarter 2
Six Months
Product
Selling
Units
Selling Price Total Sales
Units
Selling Price Total Sales
Units
Total Sales
Price
ХО-103
ХО-104
Totals

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