Question
Sales and Production Budgets Ultimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following production and sales data for June.
Sales and Production Budgets
Ultimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following production and sales data for June.
| U500 | S1000 | ||
| Estimated inventory (units), June 1 | 218 | 54 | |
| Desired inventory (units), June 30 | 250 | 47 | |
| Expected sales volume (units): | |||
| Northeast Region | 2,350 | 2,050 | |
| Southwest Region | 4,800 | 4,200 | |
| Unit sales price | $135 | $185 |
a. Prepare a sales budget. Enter all amounts as positive numbers.
| ULTIMATE AUDIO COMPANY | |||
| Sales Budget | |||
| For the Month Ending June 30 | |||
| Product and Area | Unit Sales Volume | Unit Sales Price | Total Sales |
| Model U500: | |||
| Northeast Region | $ | $ | |
| Southwest Region | |||
| Total | $ | ||
| Model S1000: | |||
| Northeast Region | $ | $ | |
| Southwest Region | |||
| Total | $ | ||
| Total revenue from sales | $ | ||
b. Prepare a production budget. Enter all amounts as positive numbers.
| ULTIMATE AUDIO COMPANY | ||
| Production Budget | ||
| For the Month Ending June 30 | ||
| Model U500 | Model S1000 | |
| Expected units to be sold | ||
| Total | ||
| Total units to be produced | ||
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Principles Of Auditing And Other Assurance Services
Authors: Ray Whittington, Kurt Pany
13th Edition
007232726X, 9780072327267
