Acc561 Week 5

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Name:
ACC/561
Week 5 Individual Assignment Template
DO NOT CHANGE ANY OF THE FORMATTING
15 Points

E20-23 Points
Zeller 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 Zeller faces, management budgets sales semiannually.
Its projections for the first 2 quarters of 2010 are as follows.

Unit Sales
Product Quarter 1 Quarter 2
XQ-103 20,000 25,000
XQ-104 12,000 15,000

No changes in selling prices are anticipated.

Instructions
Prepare a sales budget for the 2 quarters ending June 30, 2010.
List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total.

Solution
ZELLER ELECTRONICS INC.
Sales Budget
For the Six Months Ending June 30, 2010

Quarter 1Quarter 2Six Months
SellingTotalSellingTotalSellingTotal
ProductUnitsPriceSalesUnitsPriceSalesUnitsPriceSales
XQ-10320,000 12 240,000 25,000 12 300,000 45,000 12 540,000
XQ-10412,000 25 540,000 15,000 25 375,000 27,000 25 675,000
Total32,000 780,000 40,000 675,000 72,000 1,215,000

E20-53 Points
Moreno Industries has adopted the following production budget for the first 4 months of 2011.

MonthUnitsMonthUnits
Jan10,000 Mar5,000
Feb8,000 Apr4,000
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