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 | 288 | 71 | |
Desired inventory (units), June 30 | 331 | 62 | |
Expected sales volume (units): | |||
Midwest Region | 3,950 | 3,500 | |
South Region | 5,500 | 4,800 | |
Unit sales price | $110 | $215 |
a. Prepare a sales budget.
Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales |
Model: Rumble | |||
Midwest Region | fill in the blank 929ade068ffdfe5_1 | $fill in the blank 929ade068ffdfe5_2 | $fill in the blank 929ade068ffdfe5_3 |
South Region | fill in the blank 929ade068ffdfe5_4 | fill in the blank 929ade068ffdfe5_5 | fill in the blank 929ade068ffdfe5_6 |
Total | fill in the blank 929ade068ffdfe5_7 | $fill in the blank 929ade068ffdfe5_8 | |
Model: Thunder | |||
Midwest Region | fill in the blank 929ade068ffdfe5_9 | $fill in the blank 929ade068ffdfe5_10 | $fill in the blank 929ade068ffdfe5_11 |
South Region | fill in the blank 929ade068ffdfe5_12 | fill in the blank 929ade068ffdfe5_13 | fill in the blank 929ade068ffdfe5_14 |
Total | fill in the blank 929ade068ffdfe5_15 | $fill in the blank 929ade068ffdfe5_16 | |
Total revenue from sales | $fill in the blank 929ade068ffdfe5_17 |
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 salariesExpected units to be sold | Expected units to be sold | Expected units to be sold |
DepreciationDesired inventory, June 30Direct laborEstimated inventory, June 1Supervisor salariesDesired inventory, June 30 | Desired inventory, June 30 | Desired inventory, June 30 |
Total units available | fill in the blank e8542e098fd2047_7 | fill in the blank e8542e098fd2047_8 |
DepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salariesEstimated inventory, June 1 | Estimated inventory, June 1 | Estimated inventory, June 1 |
Total units to be produced | fill in the blank e8542e098fd2047_12 | fill in the blank e8542e098fd2047_13 |
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