Question

Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $15 and $26, 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		22,660		26,200
XQ-104		14,640		17,820

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 choose the accounting period                                                          For the Quarter Ending June 30, 2017June 30, 2017For the Six Months Ending June 30, 2017
	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 for this column				$enter a total amount for this column		enter a total number of units for this column				$enter a total amount for this column		enter a total number of units for this column				$enter a total amount for this column

Answer 1

EDINGTON ELECTRONICS INC.
Sales Budget
For the Quarter Ending June 30, 2017
	Quarter 1			Quarter 2			Six Months
Product	Units	Selling Price	Total Sales	Units	Selling Price	Total Sales	Units	Selling Price	Total Sales
XQ-103	22,660	15	339,900	26,200	15	393,000	48,860	15	732,900
XQ-104	14,640	26	380,640	17,820	26	463,320	32,460	26	843,960
Totals	37,300	41	1,529,300	44,020	41	1,804,820	81,320	82	3,334,120

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