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	272		81
Desired inventory (units), June 30	313		70
Expected sales volume (units):
Midwest Region	3,250		2,850
South Region	5,700		6,450
Unit sales price	$115		$225

Question Content Area

a. Prepare a sales budget.

Product and Area	Unit Sales Volume	Unit Selling Price	Total Sales
Model: Rumble
Midwest Region	fill in the blank a41061038075f87_1	$fill in the blank a41061038075f87_2	$fill in the blank a41061038075f87_3
South Region	fill in the blank a41061038075f87_4	fill in the blank a41061038075f87_5	fill in the blank a41061038075f87_6
Total	fill in the blank a41061038075f87_7		$fill in the blank a41061038075f87_8
Model: Thunder
Midwest Region	fill in the blank a41061038075f87_9	$fill in the blank a41061038075f87_10	$fill in the blank a41061038075f87_11
South Region	fill in the blank a41061038075f87_12	fill in the blank a41061038075f87_13	fill in the blank a41061038075f87_14
Total	fill in the blank a41061038075f87_15		$fill in the blank a41061038075f87_16
Total revenue from sales			$fill in the blank a41061038075f87_17

Question Content Area

b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

	Units Rumble	Units Thunder
DepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salaries	- Select -	- Select -
DepreciationDesired inventory, June 30Direct laborEstimated inventory, June 1Supervisor salaries	- Select -	- Select -
Total units available	fill in the blank 9fccc0f5e04ef9f_7	fill in the blank 9fccc0f5e04ef9f_8
DepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salaries	- Select -	- Select -
Total units to be produced	fill in the blank 9fccc0f5e04ef9f_12	fill in the blank 9fccc0f5e04ef9f_13

b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign