Zeller Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Zeller faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2010 are as follows.
Unit Sales
Product Quarter 1 Quarter 2
XQ- 103 20,000 25,000
XQ-104 12,000 15,000
No changes in selling prices are anticipated.
Required:
Complete the sales budget for the 2 quarters ending June 30, 2010. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.