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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 | 276 | 68 | |
Desired inventory (units), June 30 | 317 | 59 | |
Expected sales volume (units): | |||
Midwest Region | 3,250 | 2,850 | |
South Region | 5,800 | 5,050 | |
Unit sales price | $100 | $220 |
a. Prepare a sales budget.
Sonic Inc. | |||
Sales Budget | |||
For the Month Ending June 30 | |||
Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales |
Model: Rumble | |||
Midwest Region | $ | $ | |
South Region | |||
Total | $ | ||
Model: Thunder | |||
Midwest Region | $ | $ | |
South Region | |||
Total | $ | ||
Total revenue from sales | $ |
b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Sonic Inc. | ||
Production Budget | ||
For the Month Ending June 30 | ||
Units Rumble | Units Thunder | |
Expected units to be sold | ||
Desired inventory, June 30 | ||
Total units available | ||
Estimated inventory, June 1 | ||
Total units to be produced |
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