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	286		91
Desired inventory (units), June 30	329		79
Expected sales volume (units):
Midwest Region	3,900		4,350
South Region	5,500		6,200
Unit sales price	$125		$200

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	fill in the blank 92169df45fd2fbf_1	$fill in the blank 92169df45fd2fbf_2	$fill in the blank 92169df45fd2fbf_3
South Region	fill in the blank 92169df45fd2fbf_4	fill in the blank 92169df45fd2fbf_5	fill in the blank 92169df45fd2fbf_6
Total	fill in the blank 92169df45fd2fbf_7		$fill in the blank 92169df45fd2fbf_8
Model: Thunder
Midwest Region	fill in the blank 92169df45fd2fbf_9	$fill in the blank 92169df45fd2fbf_10	$fill in the blank 92169df45fd2fbf_11
South Region	fill in the blank 92169df45fd2fbf_12	fill in the blank 92169df45fd2fbf_13	fill in the blank 92169df45fd2fbf_14
Total	fill in the blank 92169df45fd2fbf_15		$fill in the blank 92169df45fd2fbf_16
Total revenue from sales			$fill in the blank 92169df45fd2fbf_17

Feedback

Once sales quantities are estimated, the expected sales revenue can be determined.

Learning Objective 4.

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	fill in the blank 37ad8cfd501afca_2	fill in the blank 37ad8cfd501afca_3
Desired inventory, June 30	fill in the blank 37ad8cfd501afca_5	fill in the blank 37ad8cfd501afca_6
Total	fill in the blank 37ad8cfd501afca_7	fill in the blank 37ad8cfd501afca_8
Estimated inventory, June 1	fill in the blank 37ad8cfd501afca_10	fill in the blank 37ad8cfd501afca_11
Total units to be produced	fill in the blank 37ad8cfd501afca_12	fill in the blank 37ad8cfd501afca_13