Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and...
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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 21,220 27,660 XQ-103 14,950 17,170 XQ-104 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. Sales Budget Quarter 1 Quarter 2 Six Months Selling Price Selling Price Selling Price Product Units Total Sales Units Total Sales Units Total Sales XQ-103 XQ-104 Totals 24
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