Question: please double check if the work is correct, thanks Exercise 24-02 Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104.
please double check if the work is correct, thanksExercise 24-02 Edington Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $14 and $25, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2020 are as follows. Product XQ-103 XQ-104 Unit Sales Quarter 1 Quarter 2 22,960 26,170 13,200 16,930 No changes in selling prices are anticipated Prepare a sales budget for the 2 quarters ending June 30, 2020. 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 Quarter Ending June 30, 2020 Quarter 1 Quarter 2 Six Months Product Units Selling Price Total Sales Units Selling Price Total Sales Units Selling Price Total Sales XQ-103 22,960 14 321,440 14 26,170 366,380 49,130 14 $ 687,820 $ $ $ 13,200 330,000 X0-104 16,930 30,130 25 25 25 423,250 753.250 1,441,070 789,630 79,260 651,440 43,100 $ Totals 36,160
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