Question

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 and $28, 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		21,620		27,980
XQ-104		13,540		16,670

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 periodFor the Six Months Ending June 30, 2017For the Quarter Ending June 30, 2017June 30, 2017 For the Six Months Ending June 30, 2017June 30, 2017For the Quarter 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	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				$enter a total amount for this column		enter a total number of units for this column				$enter a total amount for this column

Answer 1

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
Product	Units		Selling Price		Total Sales		Units		Selling Price		Total Sales		Units		Selling Price		Total Sales
XQ-103	21620		14		302680		27980		14		391720		49600		14		694400
XQ-104	13540		28		379120		16670		28		466760		30210		28		845880
Totals	35160				681800		44650				858480		79810				1540280