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 | 83 | |
| Desired inventory (units), June 30 | 343 | 72 | |
| Expected sales volume (units): | |||
| North Region | 4,050 | 4,550 | |
| South Region | 5,750 | 5,000 | |
| Unit sales price | $135 | $215 |
a. Prepare a sales budget.
| Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales |
| Model Rumble: | |||
| North Region | fill in the blank e0d5d2066fc3ff9_1 | $fill in the blank e0d5d2066fc3ff9_2 | $fill in the blank e0d5d2066fc3ff9_3 |
| South Region | fill in the blank e0d5d2066fc3ff9_4 | fill in the blank e0d5d2066fc3ff9_5 | fill in the blank e0d5d2066fc3ff9_6 |
| Total | fill in the blank e0d5d2066fc3ff9_7 | $fill in the blank e0d5d2066fc3ff9_8 | |
| Model Thunder: | |||
| North Region | fill in the blank e0d5d2066fc3ff9_9 | $fill in the blank e0d5d2066fc3ff9_10 | $fill in the blank e0d5d2066fc3ff9_11 |
| South Region | fill in the blank e0d5d2066fc3ff9_12 | fill in the blank e0d5d2066fc3ff9_13 | fill in the blank e0d5d2066fc3ff9_14 |
| Total | fill in the blank e0d5d2066fc3ff9_15 | $fill in the blank e0d5d2066fc3ff9_16 | |
| Total revenue from sales | $fill in the blank e0d5d2066fc3ff9_17 |
b. Prepare a production budget.
| Units Model Rumble | Units Model Thunder | |
| Expected units to be sold | fill in the blank 42bc85ffc024031_1 | fill in the blank 42bc85ffc024031_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 42bc85ffc024031_6 | fill in the blank 42bc85ffc024031_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 42bc85ffc024031_11 | fill in the blank 42bc85ffc024031_12 |
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Advanced Accounting
Authors: Susan S. Hamlen
4th Edition
1618532618, 9781618532619
