Good-Buy Electronics Inc. produces and sells two models of pocket calculators, Deluxe and Standard. The calculators sell for $7 and $5, respectively. Because of the intense competition Good-Buy faces, management budgets sales annually. Its projections for the four quarters of 2020 are as follows:
Unit Sales Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 Deluxe 10,100 15,300 29,400 24,600 Standard 15,300 19,900 25,300 30,400 Prepare a sales budget for the four quarters ending December 31, 2020. For each quarter and for the 12 months, indicate the number of units, selling price, and total sales for each product and in total.
GOOD-BUY ELECTRONICS INC.
Sales Budget
For the year ending December 31, 2020
Quarter 1 2 3 4 Total Deluxe Sales in units Unit price $ $ $ $ $ Deluxe sales $ $ $ $ $ Standard Sales in units Unit price $ $ $ $ $ Standard sales $ $ $ $ $ Total sales combined $ $ $ $