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:   Rumble   Thunder Estimated inventory (units), June 1 288   92 Desired inventory (units), June 30 331   80 Expected sales volume (units):       Midwest Region 4,250   4,750 South Region 5,200   5,900 Unit sales price $115   $210

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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:

  Rumble   Thunder
Estimated inventory (units), June 1 288   92
Desired inventory (units), June 30 331   80
Expected sales volume (units):      
Midwest Region 4,250   4,750
South Region 5,200   5,900
Unit sales price $115   $210
a. Prepare a sales budget.
Sonic Inc.
Sales Budget
For the Month Ending June 30
Product and Area
Unit Sales Volume Unit Selling Price Total Sales
Model: Rumble
Midwest Region
South Region
Total
Model: Thunder
Midwest Region
South Region
Total
Total revenue from sales
Transcribed Image Text:a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble Midwest Region South Region Total Model: Thunder Midwest Region South Region Total Total revenue from sales
b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Sonic Inc.
Production Budget
For the Month Ending June 30
Units Rumble Units Thunder
Expected units to be sold v
Desired inventory, June 30 v
Total units available
Estimated inventory, June 1 v
Total units to be produced
Transcribed Image Text:b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Sonic Inc. Production Budget For the Month Ending June 30 Units Rumble Units Thunder Expected units to be sold v Desired inventory, June 30 v Total units available Estimated inventory, June 1 v Total units to be produced
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