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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

  1. 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 1 284 70
    Desired inventory (units), June 30 326 61
    Expected sales volume (units):
    Midwest Region 3,700 3,250
    South Region 5,600 4,850
    Unit sales price $100 $220

    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 $ $
    South Region
    Total $
    Model: Thunder
    Midwest Region $ $
    South Region
    Total $
    Total revenue from sales $

    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
    Total
    Total units to be produced

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