Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 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 |
21,670 |
26,320 |
XQ-104 |
13,540 |
16,200 |
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.