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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 1 244 78
    Desired inventory (units), June 30 280 68
    Expected sales volume (units):
    Midwest Region 2,150 2,400
    South Region 5,850 6,600
    Unit sales price $115 $195

    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 fec50cfaa051009_1 $fill in the blank fec50cfaa051009_2 $fill in the blank fec50cfaa051009_3
    South Region fill in the blank fec50cfaa051009_4 fill in the blank fec50cfaa051009_5 fill in the blank fec50cfaa051009_6
    Total fill in the blank fec50cfaa051009_7 $fill in the blank fec50cfaa051009_8
    Model: Thunder
    Midwest Region fill in the blank fec50cfaa051009_9 $fill in the blank fec50cfaa051009_10 $fill in the blank fec50cfaa051009_11
    South Region fill in the blank fec50cfaa051009_12 fill in the blank fec50cfaa051009_13 fill in the blank fec50cfaa051009_14
    Total fill in the blank fec50cfaa051009_15 $fill in the blank fec50cfaa051009_16
    Total revenue from sales $fill in the blank fec50cfaa051009_17

    Feedback

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

    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
    fill in the blank 1b4a8b01905106e_2 fill in the blank 1b4a8b01905106e_3
    fill in the blank 1b4a8b01905106e_5 fill in the blank 1b4a8b01905106e_6
    Total units available fill in the blank 1b4a8b01905106e_7 fill in the blank 1b4a8b01905106e_8
    fill in the blank 1b4a8b01905106e_10 fill in the blank 1b4a8b01905106e_11
    Total units to be produced fill in the blank 1b4a8b01905106e_12 fill in the blank 1b4a8b01905106e_13

    Feedback

    Remember to take into account expected units to be sold plus desired units in ending inventory less estimated units in beginning inventory when calculating total units to be produced.

    Feedback

    Partially correct

Check My Work1 more Check My Work uses remaining.

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