Question: E24.2 Prepare a sales budget for 2 quarters Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and The calculators sell for

E24.2 Prepare a sales budget for 2 quarters
E24.2 Prepare a sales budget for 2 quarters Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and The calculators sell for $15 and $25 respectively. Because of the intense competition Eding management budgets sales semiannually. The projections for the first 2 quarters of 2020 a 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, 2020. List the products and show quarter and for the 6 months, units, selling price, and total sales by product and in total. NOTE: Enter a number in cells requesting a value; enter either a number or a formula EDINGTON ELECTRONICS INC. Sales Budget For the Six Months Ending June 30, 2020 Quarter 1 Quarter 2 Selling Total Selling Total Product Units Price Sales Units Price Sales XQ-103 Value $15 ? Value $15 ? XQ-104 Value 25 Value 25 ? Totals ? ? After you have completed E24.2 consider the following additional question. 1. Assume that the number of XQ-103 units sold in Quarter 2 and XQ-104 in Quarte changed to 30,000 and 17,000 respectively. Revise the sales budget report for the two quarters ending June 30, 2020

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