Question

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 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		21,480		26,860
XQ-104		13,140		16,500

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 choose the accounting period For the Six Months Ending June 30, 2020For the Quarter Ending June 30, 2020June 30, 2020
	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				$enter a total dollar amount		enter a total number of units				$enter a total dollar amount		enter a total number of units				$enter a total dollar amount

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Answer 1

• Requirement asked

Edington Electronics Inc
Sales Budget
For the six months ending June 30, 2020
	Q1			Q2			Six months
Product	Units	Selling Price	Total Sales	Units	Selling Price	Total Sales	Units	Selling Price	Total Sales
XQ 103	21480	$14	$300,720	26860	$14	$376,040	48340	$14	$676,760
XQ 104	13140	$25	$328,500	16500	$25	$412,500	29640	$25	$741,000
Total	34620		$629,220	43360		$788,540	77980		$1,417,760