70.2K

Verified Solution

Link Copied!

E21-2 Prepare a sales budget for 2 quarters Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $15 and $25 respectively. Because of the intense competition Edington faces, management budgets sales semiannually. The projections for the first 2 quarters of 2017 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ-103 20,000 22,000 XQ-104 12,000 15,000 No changes in selling prices are anticipated. Instructions 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 For the Six Months Ending June 30, 2017 Quarter 1 Quarter 2 Six Months Selling Total Selling Total Selling Total Product Units Price Sales Units Price Sales Units Price Sales XQ-103 $15 $15 $15 XQ-104 25 25 25 Totals

Answer & Explanation Solved by verified expert

See Answer