shaddi9553 shaddi9553

09-12-2022
Business

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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 that Edington faces, management budgets sales semi-annually. Its projections for the first 2 quarters of 2014 are as follows:
Unit Sales
Product Quarter 1 Quarter 2
XQ-103 20,000 22,000
XQ-104 12,000 15,000
No changes in selling prices are anticipated.
Required:
Prepare a sales budget for the 2 quarters ending June 30, 2022.
Product Units Selling Price Total Sales
XQ-103:
Quarter 1 Quarter 2 6 Months XQ-104:
Quarter 1 Quarter 2 6 Months Total List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.

Answer :

PallaviB PallaviB

16-12-2022

The Sales budget for the 2 quarters ending June 30, 2022

Product Units Selling Price Total Sales

XQ-103:

Quarter 1 20,000 $15 $300,000

Quarter 2 22,000 $15 $330,000

6 Months 42,000 $15 $630,000

XQ-104:

Quarter 1 12,000 $25 $300,000

Quarter 2 15,000 $25 $375,000

6 Months 27,000 $25 $675,000

Total 69,000 $1,305,000

A sales budget is a financial plan for the estimated sales of a company for a specific period of time. It is typically used to plan for and track the progress of a business’s sales activities. The sales budget helps a company to identify potential areas of growth and areas where additional resources may be needed.

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