Acc561 Week 5
Name:
ACC/561
Week 5 Individual Assignment Template
DO NOT CHANGE ANY OF THE FORMATTING 15 Points E20-2 3 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 1 Quarter 2 Six Months Selling Total Selling Total Selling Total Product Units Price Sales Units Price Sales Units Price Sales XQ-103 20,000 12 240,000 25,000 12 300,000 45,000 12 540,000 XQ-104 12,000 25 540,000 15,000 25 375,000 27,000 25 675,000 Total 32,000 780,000 40,000 675,000 72,000 1,215,000
E20-5 3 Points Moreno Industries has adopted the following production budget for the first 4 months of 2011. Month Units Month Units Jan 10,000 Mar 5,000 Feb 8,000 Apr
ACC/561
Week 5 Individual Assignment Template
DO NOT CHANGE ANY OF THE FORMATTING 15 Points E20-2 3 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 1 Quarter 2 Six Months Selling Total Selling Total Selling Total Product Units Price Sales Units Price Sales Units Price Sales XQ-103 20,000 12 240,000 25,000 12 300,000 45,000 12 540,000 XQ-104 12,000 25 540,000 15,000 25 375,000 27,000 25 675,000 Total 32,000 780,000 40,000 675,000 72,000 1,215,000
E20-5 3 Points Moreno Industries has adopted the following production budget for the first 4 months of 2011. Month Units Month Units Jan 10,000 Mar 5,000 Feb 8,000 Apr