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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

  1. 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 1 235 75
    Desired inventory (units), June 30 270 65
    Expected sales volume (units):
    North Region 2,800 3,150
    South Region 4,900 5,550
    Unit sales price $145 $195

    a. Prepare a sales budget.

    Vibrant Inc. Sales Budget For the Month Ending June 30
    Product and Area Unit Sales Volume Unit Selling Price Total Sales
    Model Rumble:
    North Region fill in the blank 84ad8cfaf06a033_1 $fill in the blank 84ad8cfaf06a033_2 $fill in the blank 84ad8cfaf06a033_3
    South Region fill in the blank 84ad8cfaf06a033_4 fill in the blank 84ad8cfaf06a033_5 fill in the blank 84ad8cfaf06a033_6
    Total fill in the blank 84ad8cfaf06a033_7 $fill in the blank 84ad8cfaf06a033_8
    Model Thunder:
    North Region fill in the blank 84ad8cfaf06a033_9 $fill in the blank 84ad8cfaf06a033_10 $fill in the blank 84ad8cfaf06a033_11
    South Region fill in the blank 84ad8cfaf06a033_12 fill in the blank 84ad8cfaf06a033_13 fill in the blank 84ad8cfaf06a033_14
    Total fill in the blank 84ad8cfaf06a033_15 $fill in the blank 84ad8cfaf06a033_16
    Total revenue from sales $fill in the blank 84ad8cfaf06a033_17

    b. Prepare a production budget.

    Vibrant Inc. Production Budget For the Month Ending June 30
    Units Model Rumble Units Model Thunder
    Expected units to be sold fill in the blank 47c6baffbff707e_1 fill in the blank 47c6baffbff707e_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 47c6baffbff707e_6 fill in the blank 47c6baffbff707e_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 47c6baffbff707e_11 fill in the blank 47c6baffbff707e_12

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