Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

278 77 Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): 320 67 Midwest Region 3,850 4,300 South Region 5,300

image text in transcribed
image text in transcribed
278 77 Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): 320 67 Midwest Region 3,850 4,300 South Region 5,300 4,600 Unit sales price $115 $190 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Model: Rumble Total Sales Midwest Region 3,850 115 442,750 South Region 5,300 190 1,007,000 X Total 9,150 1,449,750 X Model: Thunder Midwest Region 4,300 115 X $ 494,500X South Region 4,600 190 874,000 Total 8,900 1,368,500 x Total revenue from sales 2,818,250 X 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 9.150 8,900 320 67 Desired inventory, June 30 Total units available 9,470 8,967 Depreciation 278 X 77 X Total units to be produced 9,192 8,890

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mylab Accounting With Pearson -- Access Card -- For Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

5th Edition

0134161645, 9780134161648

More Books

Students also viewed these Accounting questions