Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sales and Production Budgets 271 78 Sonic Inc, manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for

image text in transcribed
image text in transcribed
Sales and Production Budgets 271 78 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 Desired inventory (units), June 30 Expected sales volume (units): Midwest Region 4,000 3,500 South Region 4,900 Unit sales price 312 68 5,550 $120 $225 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 100 Total Model: Thunder Show Me How Calculator Midwest Region South Region Model Thunder Midwest Region South Region 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 Total units available Total units to be produced Previous Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions