Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The...
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Accounting
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. Its projections for the first 2 quarters of 2017 are as follows.
Unit Sales
Product
Quarter 1
Quarter 2
XQ-103
21,610
27,340
XQ-104
14,280
17,910
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.
EDINGTON ELECTRONICS INC. Sales Budget choose the accounting period For the Six Months Ending June 30, 2017For the Quarter 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 for this column
$enter a total amount for this column
enter a total number of units for this column
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