SalesandProduction 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:

RumbleThunderEstimated inventory (units), June 130899Desired inventory (units), June 3035486Expected sales volume (units):Midwest Region4,4004,950South Region5,7006,450Unit sales price$95$225

a.Prepare sales budget.

Sonic Inc.Sales BudgetFor the Month Ending June 30Product and AreaUnit Sales VolumeUnit Selling PriceTotal SalesModel: RumbleMidwest Regionfill in the blank b94e4ffaa020042_1

$

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$

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South Regionfill in the blank b94e4ffaa020042_4

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Totalfill in the blank b94e4ffaa020042_7

$

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Model: ThunderMidwest Regionfill in the blank b94e4ffaa020042_9

$

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$

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South Regionfill in the blank b94e4ffaa020042_12

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Totalfill in the blank b94e4ffaa020042_15

$

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Total revenue from sales$

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

Sonic Inc.Production BudgetFor the Month Ending June 30Units RumbleUnits Thunder

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Total units availablefill in the blank ee184cfd9fbb07b_7

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Total units to be producedfill in the blank ee184cfd9fbb07b_12

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