Managerial Accounting: E9-2 Edington Electronics Inc. produces and sells two models

Managerial Accounting

E9-2
Edington 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 Edington faces, management budgets sales semiannually.  Its projections for the first 2 quarters of 2014 are as follows.

Unit Sales
Product Quarter 1 Quarter 2
XQ-103 21,400 27,350
XQ-104 14,170 16,740

No changes in selling prices are anticipated.

Prepare a sales budget for the 2 quarters ending June 30, 2014.  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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