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		22,140		26,850
XQ-104		13,300		17,860

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 Quarter Ending June 30, 2020June 30, 2020For the Six Months Ending June 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

Answer 1

Ans.	EDINGTON ELECTRONICS INC.
	Sales Budget
	For the Six Month Ending June 30, 2020
		QUARTER 1	QUARTER 2
	Product	Units (a)	Unit Selling Price (b)	Total Sales (a*b)	Units (a)	Unit Selling Price (b)	Total Sales (a*b)
	XQ - 103	22140	$15	$332,100	26850	$15	$402,750
	XQ - 104	13300	$25	$332,500	17860	$25	$446,500
	Totals	35440		$664,600	44710		$849,250
	*Total sales   = Units sold * Selling price per unit