oC WileyPLUS dugen.wileyplus.com/edugen/lti/main.uni areer Op… New Administration, Old Ap… Get started -Google+blank PRINTER VERSION BACK Exercise 13-2 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 20,000 22,0oo XQ-104 12,000 15,000 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 Six Months Quarter 2 Quarter 1 Total Sales Units Selling Price Total Sales Units Selling Price Product Units Selling Price Total Sales xQ-103 XQ-104 Totals Click if you would like to Show Work for this question: Opan Show Wark 8:32
Expert Answer
EDINGTON ELECTRONICS INC. | |||||||||
Sales Budget | |||||||||
For the Six Months Ending June 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 | 20000 | 15 | 300000 | 22000 | 15 | 330000 | 42000 | 15 | 630000 |
XQ-104 | 12000 | 25 | 300000 | 15000 | 25 | 375000 | 27000 | 25 | 675000 |
Totals | 32000 | 600000 | 37000 | 705000 | 69000 | 1305000 |