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Exercise 9-2 Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104....

Exercise 9-2 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 Quarter 1 Quarter 2 Six Months Product Units Selling Price Total Sales Units Selling Price Total Sales Units Selling Price Total Sales XQ-103 $ $ $ $ $ $ XQ-104 Totals $ $

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Answer #1
EDINGTON ELECTRONICS INC
Sales Budget
For the Six Months Ending June 30, 2017
Quarter 1 Quarter 2 Six Months
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
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