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![b. Prepare a production budget.
SONIC INC.
Production Budget
For the Month Ending June 30
Expected units to be sold
Plus desired inventory, June 30
Total units required
Less estimated inventory, June 1
Total units to be produced
Units Model Rumble Units Model Thunder](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06c39eee-1f9a-4e99-9392-10a12cd0deda%2F9a1faad1-8c37-42cc-a60a-5277860da540%2Fwozz8le_processed.jpeg&w=3840&q=75)
![EX.22-06 Sales and Production Budgets
Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following
production and sales data for June, prepare (a) a sales budget and (b) a production budget.
Estimated inventory (units), June 1
Desired inventory (units), June 30
Expected sales volume (units):
East Region
West Region
Unit sales price
Rumble
262
301
2,700
5,900
$140
Thunder
66
57
2,400
5,150
$205](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06c39eee-1f9a-4e99-9392-10a12cd0deda%2F9a1faad1-8c37-42cc-a60a-5277860da540%2Fr4rb5wl_processed.jpeg&w=3840&q=75)
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- Sales and Production Budgets Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Product and Area Model Rumble: North Region South Region Total Model Thunder: Unit Sales Volume Unit Selling Price 278 320 4,300 4,850 $130 Total Sales 69 60 3,800 4,200 $210dgeting Activity-03/25/ x + ses/115610/quizzes/1740321/take ABC Company has a policy of maintaining an inventory of finished goods equal to 25% of the following month's sales units. For the forthcoming month of June, the budgeted beginning inventory is at 20,000 units and the ending inventory at 22,000 units. The following are the budgeted sales for the months of August to October August 90,000 September 92,000 October 94,500 The sales price the finished goods per unit is P150 based on gross profit rate (on cost) of 15%. October ending inventory is estimated to be at 20% less than September's. Operating expenses were estimated as follow: Seling expense is at 2.75% of sales Salary expense is at P5,000 + 3% of sales General and Administrative Expense is at P40,000 per month Number of units available for sale for the month of July Format XXX,XXX i.e. 123,850 Question 4Function: SUM; Formula: Subtract, Multiply; Cell Referencing Using Excel to Prepare a Production Budget PROBLEM Paige Company estimates that following unit sales and desired inventory level for the four quarters of the year ending December 31, 2022. Quarter 1 sales Quarter 2 sales Quarter 3 sales Quarter 4 sales Desired ending finished goods inventory based on next quarter's expected unit sales Unit selling price 10,000 14,000 15,000 18,000 25% $ 70.00 Prepare a production budget by quarters for the first 6 months of 2022. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or this work area as indicated. Use the SUM function with cell referencing for totals. Paige Company Production Budget For the Six Months Ending June 30, 2022 Quarter 1 10,000 Expected unit sales Add: Desired ending finished goods units Total required units Less: Beginning finished goods units Required production…
- EX.22-06 Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget. Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): East Region West Region Unit sales price Rumble 262 301 2,700 5,900 $140 Thunder 66 57 2,400 5,150 $205Sales and production budgets Bowser Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. Bowser Inc. Sales Budget For the Month Ending June 30 250 79 287 69 2,800 3,150 5,400 6,100 $145 $225 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble North Region South Region Total Model: Thunder North Region South Region Total Total revenue from sales 10000 1000 b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Bowser Inc. Production Budget For the Month Ending June 30 Line Item Description Units Rumble Units Thunder Total units available Total units to be producedQuestion 1 The marketing department of HASF Corporations has submitted the following sales forecast for the upcoming fiscal year (all sales are on account) Q1 Q2 Q3 Q4 total Budgeted units sales ? 10% increase 10 % decrease 16,335 62,685 Budget selling price per unit 18 18 18 ? 18 budgeted sales revenue ? 297,000 ? 294,030 ? Other information Each quarter ending finished goods inventory is 20% of next month units sold. Next year first quarter beginning inventory is 3,000. Each finished units require 3 grams of raw material that cost Rs 3 per unit. Management desired to end each quarter with an inventory of raw material equal to 15% of the current quarter production needs Beginning inventory of raw material in first quarter 3,000 grams FIND UNIT SALES of Q1 Answer format should be like : 10000 donot USE COMMA's or Currency or UNITs. Answer should be plain…
- 1.2 REQUIRED Use the information provided below to prepare the Direct Materials Purchases Budget for April 2019. INFORMATION The estimated sales volumes of Product Jip of Polo Manufacturers for April and May 2019 are as follows: Units April 18 000 May 15 000 The policy of Polo Manufacturers is to maintain a finished goods closing inventory each month at a level equal to 40% of the next month's budgeted sales. Each unit of Product Jip requires 2 kg of Material A and 1 kg of Material B. The costs per kg of Material A and Material B are R10 and R20 respectively. Inventories of materials are expected to be as follows: Material A Material B Opening inventory 5 000 kg 6 000 kg Closing inventory 1 000 kg 2 000 kg7. Based on the following production and sales estimates for May, prepare the sales and production budgets: Estimated beginning inventory (units), May 1 18,000 Desired ending inventory (units), May 31 21,600 Expected sales volume (units): Area W 6,000 Area X 7,000 Area Y 8,000 Unit sales price $20BUSS 104-Principles of ivianagemenL AtCounting 20202 Dashboard / My courses / BUSS 104-7-20202 / Final exam / Final exam Qui Barka Company is in the period of budgeting for 2022. The Sales manager forecasted the number of units to be sold as 30000 units and determined the selling price as 20 OMR per unit. The management revised these estimates with a 15 % decrease in selling price and with a 25 % increase in the number of units sold. Question 24 1 answered 10 Marked out of According these estimates, which of the following is revised Sales (OMR)? 19 P Flag question Select one O a. 692500 Finisl O b. 850000 Time O c. 700000 O d. 637500 Next page Previous page Jump to. Grades
- Clark Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Product A Product B Budgeted Quantity 40,000 48,000 Budgeted Unit Sales Price $7 $9 During June, the company actually sold 39,000 units of Product A at an average unit selling price of $7.1 and 49,600 units of Product B at an average unit price of $8.9. Prepare a Sales Budget Report for the month of June for Clark Company which shows whether the company achieved its planned objectives.Question Content Area Motorcycle Manufacturers, Inc., projected sales of 51,200 machines for the year. The estimated January 1 inventory is 6,570 units, and the desired December 31 inventory is 7,110 units. The budgeted production for the year isCost of goods sold budget The controller of MingWare Ceramics Inc. wishes to prepare a cost of goods sold budget for September. The controller assembled the following information for constructing the cost of goods sold budget: Use the preceding information to prepare a cost of goods sold budget for September 2016.
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