Question

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 2020 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ-103. 20,000 22,000 XQ-104 12,000 15,000 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. EDING Quarter 1 Selling Price Product Units Total Sales Units XQ-103 XQ-104 Totals

Answer 1

Answer

--For the Quarters ending 30 June 2020

	Quarter 1			Quarter 2			Six Months
	Units	Selling Price	Total Sales	Units	Selling Price	Total Sales	Units	Selling Price	Total Sales
XQ 103	20,000	$15	$300,000	22,000	$15	$330,000	42,000	$15	$630,000
XQ 104	12,000	$25	$300,000	15,000	$25	$375,000	27,000	$25	$675,000
TOTAL	32,000		$600,000	37,000		$705,000	69,000		$1,305,000