Question
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
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 | 247 | 74 | |
| Desired inventory (units), June 30 | 284 | 64 | |
| Expected sales volume (units): | |||
| East Region | 2,550 | 2,250 | |
| West Region | 5,550 | 6,250 | |
| Unit sales price | $125 | $185 |
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: | |||
| East Region | $ | $ | |
| West Region | |||
| Total | $ | ||
| Model Thunder: | |||
| East Region | $ | $ | |
| West Region | |||
| Total | $ | ||
| Total revenue from sales | $ | ||
b. Prepare a production budget.
| Sonic Inc. | ||
| Production Budget | ||
| For the Month Ending June 30 | ||
| Units Model Rumble | Units Model Thunder | |
| Expected units to be sold | ||
| Total units required | ||
| Total units to be produced | ||
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1st Edition
0894134698, 978-0894134692
