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 ThunderEstimated inventory (units), June 1215 54Desired inventory (units), June 30247 47Expected sales volume (units): Midwest Region2,250 2,000South Region4,800 4,200Unit sales price$95 $190

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a. Prepare a sales budget.

Product and AreaUnit Sales VolumeUnit Selling PriceTotal SalesModel: Rumble Midwest Regionfill in the blank $fill in the blank $fill in the blank South Regionfill in the blank fill in the blank fill in the blank Totalfill in the blank $fill in the blank Model: Thunder Midwest Regionfill in the blank $fill in the blank $fill in the blank South Regionfill in the blank fill in the blank fill in the blank Totalfill in the blank $fill in the blank Total revenue from sales $fill in the blank

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b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Units RumbleUnits ThunderDepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salaries- Select -- Select -DepreciationDesired inventory, June 30Direct laborEstimated inventory, June 1Supervisor salaries- Select -- Select -Total units availablefill in the blank fill in the blank DepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salaries- Select -- Select -Total units to be producedfill in the blank fill in the blank