Sheridan Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $10 and $20, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first quarters of 2022 are as follows. Unit Sales Product Quarter 1 XQ-103 XQ-104 17,600 10,560 Quarter 2 19,360 13,200 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.

Sheridan Electronics Inc. produces and sells two models of calculators, XQ-103 and XQ-104. The calculators sell for $10 and $20, respectively. Because of the intense competition Edington faces, management budgets sales semiannually. Its projections for the first quarters of 2022 are as follows. Unit Sales Product Quarter 1 XQ-103 XQ-104 17,600 10,560 Quarter 2 19,360 13,200 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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