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 | 266 | 66 | |
| Desired inventory (units), June 30 | 306 | 57 | |
| Expected sales volume (units): | |||
| Midwest Region | 3,250 | 2,850 | |
| South Region | 5,500 | 4,800 | |
| Unit sales price | $130 | $185 |
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 106121f58044039_1 | $fill in the blank 106121f58044039_2 | $fill in the blank 106121f58044039_3 |
| South Region | fill in the blank 106121f58044039_4 | fill in the blank 106121f58044039_5 | fill in the blank 106121f58044039_6 |
| Total | fill in the blank 106121f58044039_7 | $fill in the blank 106121f58044039_8 | |
| Model: Thunder | |||
| Midwest Region | fill in the blank 106121f58044039_9 | $fill in the blank 106121f58044039_10 | $fill in the blank 106121f58044039_11 |
| South Region | fill in the blank 106121f58044039_12 | fill in the blank 106121f58044039_13 | fill in the blank 106121f58044039_14 |
| Total | fill in the blank 106121f58044039_15 | $fill in the blank 106121f58044039_16 | |
| Total revenue from sales | $fill in the blank 106121f58044039_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 | fill in the blank |
| DepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salaries | - Select - | - Select - |
| Total units to be produced | fill in the blank | fill in the blank |
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