Managerial Accounting: E9-1 Vosser Electronics Inc. produces and sells two models
Managerial Accounting E9-1 Vosser Electronics Inc. produces and sells two models of pocket calculators, XQ-103 and XQ-104. The calculators sell for $12 and $25, respectively. Because of the intense competition Vosser faces, management budgets sales semiannually. Its projections for the first 2 quarters of 2005 are as follows. Unit Sales Product Quarter 1 Quarter 2 XQ-103 30,000 25,000 XQ-104 12,000 13,000 No changes in selling prices are anticipated. Instructions Prepare a sales budget for the 2 quarters ending June 30, 2005. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.
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