Question: Sheridan Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $20 and $30, respectively. Because of the




Sheridan Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $20 and $30, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows. Product Quarter 1 XQ-103 Unit Sales XQ-104 22,800 13,680 Quarter 2 25,080 17,100 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total. Product XQ-103 XQ-104 Totals Units $ Quarter 1 Selling Price LA $ LA Total Sales Units SHI SHERIDAN ELECTRONICS INC. Sales Budget LA $ Quarter 2 Selling Price LA Total Sales Units LA Six Months Selling Price LA Total Sales Product XQ-103 XQ-104 Totals Units $ Quarter 1 Selling Price LA $ LA Total Sales Units SHI SHERIDAN ELECTRONICS INC. Sales Budget LA $ Quarter 2 Selling Price LA Total Sales Sheridan Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $20 and $30, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2022 are as follows. Product Quarter 1 XQ-103 Unit Sales XQ-104 22,800 13,680 Quarter 2 25,080 17,100 No changes in selling prices are anticipated. Prepare a sales budget for the 2 quarters ending June 30, 2022. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total. Product XQ-103 XQ-104 Totals Units $ Quarter 1 Selling Price LA $ LA Total Sales Units SHI SHERIDAN ELECTRONICS INC. Sales Budget LA $ Quarter 2 Selling Price LA Total Sales Units LA Six Months Selling Price LA Total Sales Product XQ-103 XQ-104 Totals Units $ Quarter 1 Selling Price LA $ LA Total Sales Units SHI SHERIDAN ELECTRONICS INC. Sales Budget LA $ Quarter 2 Selling Price LA Total Sales
Step by Step Solution
3.58 Rating (151 Votes )
There are 3 Steps involved in it
To prepare the sales budget for Sheridan Electronics Inc for the two quarters ending June 30 2022 we ... View full answer
Get step-by-step solutions from verified subject matter experts
