Question
Sales and Production Budgets Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare
Sales and Production Budgets
Vibrant 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 | 298 | 95 | |
| Desired inventory (units), June 30 | 343 | 83 | |
| Expected sales volume (units): | |||
| North Region | 3,900 | 4,350 | |
| South Region | 5,900 | 6,650 | |
| Unit sales price | $120 | $185 |
Question Content Area
a. Prepare a sales budget.
| Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales |
| Model Rumble: | |||
| North Region | fill in the blank c6801ef3905601c_1 | $fill in the blank c6801ef3905601c_2 | $fill in the blank c6801ef3905601c_3 |
| South Region | fill in the blank c6801ef3905601c_4 | fill in the blank c6801ef3905601c_5 | fill in the blank c6801ef3905601c_6 |
| Total | fill in the blank c6801ef3905601c_7 | $fill in the blank c6801ef3905601c_8 | |
| Model Thunder: | |||
| North Region | fill in the blank c6801ef3905601c_9 | $fill in the blank c6801ef3905601c_10 | $fill in the blank c6801ef3905601c_11 |
| South Region | fill in the blank c6801ef3905601c_12 | fill in the blank c6801ef3905601c_13 | fill in the blank c6801ef3905601c_14 |
| Total | fill in the blank c6801ef3905601c_15 | $fill in the blank c6801ef3905601c_16 | |
| Total revenue from sales | $fill in the blank c6801ef3905601c_17 |
Question Content Area
b. Prepare a production budget.
| Units Model Rumble | Units Model Thunder | |
| Expected units to be sold | fill in the blank 737567fdc00bffb_1 | fill in the blank 737567fdc00bffb_2 |
| Less desired inventory, June 30Less estimated inventory, June 1Plus desired inventory, June 30Plus estimated inventory, June 1 | - Select - | - Select - |
| Total units required | fill in the blank 737567fdc00bffb_6 | fill in the blank 737567fdc00bffb_7 |
| Less desired inventory, June 30Less estimated inventory, June 1Plus desired inventory, June 30Plus estimated inventory, June 1 | - Select - | - Select - |
| Total units to be produced | fill in the blank 737567fdc00bffb_11 | fill in the blank 737567fdc00bffb_12 |
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Advanced Audit And Assurance Study Text
Authors: KAPLAN
1st Edition
178740398X, 978-1787403987
