Culver Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The...
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Accounting
Culver 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 Culver faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2017 are as follows.
Unit Sales
Product
Quarter 1
Quarter 2
XQ-103
22,960
26,170
XQ-104
13,200
16,930
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.
CULVER ELECTRONICS INC. Sales Budget choose the accounting period For the Quarter Ending June 30, 2017For the Six Months Ending June 30, 2017June 30, 2017
Quarter 1
Quarter 2
Six Months
Product
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
Units
Selling Price
Total Sales
XQ-103
enter a number of units
$enter a dollar amount
$enter a dollar amount
enter a number of units
$enter a dollar amount
$enter a dollar amount
enter a number of units
$enter a dollar amount
$enter a dollar amount
XQ-104
enter a number of units
enter a dollar amount
enter a dollar amount
enter a number of units
enter a dollar amount
enter a dollar amount
enter a number of units
enter a dollar amount
enter a dollar amount
Totals
enter a total number of units
$enter a total dollar amount
enter a total number of units
Answer & Explanation
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