Ask Question
9 July, 04:34

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 and $27, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2014 are as follows.

Unit Sales

Product

Quarter 1

Quarter 2

XQ-103 22,590 27,710

XQ-104 14,880 16,200

No changes in selling prices are anticipated.

Prepare a sales budget for the 2 quarters ending June 30, 2014. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.

+3
Answers (1)
  1. 9 July, 04:55
    0
    In the question, we are not given information with respect to sales costs, so we can only find total gross sales:

    Sales Budget fist 2 quarters of the year

    Product Sales Price Sales Q1 Sales Q2 Total gross sales

    XQ-103 $14 22,590 27,710 $704,200

    XQ-104 $27 14,880 16,200 $839,160

    $1,53,360
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 and $27, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers