Question: E21-2 Prepare a sales budget for 2 quarters Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell

E21-2 Prepare a sales budget for 2 quarters
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 Edington faces,
management budgets sales semiannually. The projections for the first 2 quarters of 2017 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.
Instructions
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
For the Six Months Ending June 30, 2017
Quarter 1
Quarter 2 Six Months
Selling Total Selling Total Selling Total
Product Units Price Sales Units Price Sales Units Price Sales
XQ-103 $15 $15 $15
XQ-104 25 25 25
Totals

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