Question
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
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:
| Rumble | Thunder | ||
| Estimated inventory (units), June 1 | 264 | 84 | |
| Desired inventory (units), June 30 | 303 | 73 | |
| Expected sales volume (units): | |||
| Midwest Region | 3,600 | 4,050 | |
| South Region | 5,050 | 5,700 | |
| Unit sales price | $105 | $190 |
Question Content Area
a. Prepare a sales budget.
| Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales |
| Model: Rumble | |||
| Midwest Region | fill in the blank f4e2a1fdf00e076_1 | $fill in the blank f4e2a1fdf00e076_2 | $fill in the blank f4e2a1fdf00e076_3 |
| South Region | fill in the blank f4e2a1fdf00e076_4 | fill in the blank f4e2a1fdf00e076_5 | fill in the blank f4e2a1fdf00e076_6 |
| Total | fill in the blank f4e2a1fdf00e076_7 | $fill in the blank f4e2a1fdf00e076_8 | |
| Model: Thunder | |||
| Midwest Region | fill in the blank f4e2a1fdf00e076_9 | $fill in the blank f4e2a1fdf00e076_10 | $fill in the blank f4e2a1fdf00e076_11 |
| South Region | fill in the blank f4e2a1fdf00e076_12 | fill in the blank f4e2a1fdf00e076_13 | fill in the blank f4e2a1fdf00e076_14 |
| Total | fill in the blank f4e2a1fdf00e076_15 | $fill in the blank f4e2a1fdf00e076_16 | |
| Total revenue from sales | $fill in the blank f4e2a1fdf00e076_17 |
Question Content Area
b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
| Units Rumble | Units Thunder | |
| DepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salaries | - Select - | - Select - |
| DepreciationDesired inventory, June 30Direct laborEstimated inventory, June 1Supervisor salaries | - Select - | - Select - |
| Total units available | fill in the blank f4ab0cf33003f9a_7 | fill in the blank f4ab0cf33003f9a_8 |
| DepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salaries | - Select - | - Select - |
| Total units to be produced | fill in the blank f4ab0cf33003f9a_12 | fill in the blank f4ab0cf33003f9a_13 |
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
