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Sales and Production 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:

	Rumble		Thunder
Estimated inventory (units), June 1	288		71
Desired inventory (units), June 30	331		62
Expected sales volume (units):
Midwest Region	3,950		3,500
South Region	5,500		4,800
Unit sales price	$110		$215

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	fill in the blank 929ade068ffdfe5_1	$fill in the blank 929ade068ffdfe5_2	$fill in the blank 929ade068ffdfe5_3
South Region	fill in the blank 929ade068ffdfe5_4	fill in the blank 929ade068ffdfe5_5	fill in the blank 929ade068ffdfe5_6
Total	fill in the blank 929ade068ffdfe5_7		$fill in the blank 929ade068ffdfe5_8
Model: Thunder
Midwest Region	fill in the blank 929ade068ffdfe5_9	$fill in the blank 929ade068ffdfe5_10	$fill in the blank 929ade068ffdfe5_11
South Region	fill in the blank 929ade068ffdfe5_12	fill in the blank 929ade068ffdfe5_13	fill in the blank 929ade068ffdfe5_14
Total	fill in the blank 929ade068ffdfe5_15		$fill in the blank 929ade068ffdfe5_16
Total revenue from sales			$fill in the blank 929ade068ffdfe5_17

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
DepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salariesExpected units to be sold	Expected units to be sold	Expected units to be sold
DepreciationDesired inventory, June 30Direct laborEstimated inventory, June 1Supervisor salariesDesired inventory, June 30	Desired inventory, June 30	Desired inventory, June 30
Total units available	fill in the blank e8542e098fd2047_7	fill in the blank e8542e098fd2047_8
DepreciationDirect laborEstimated inventory, June 1Expected units to be soldSupervisor salariesEstimated inventory, June 1	Estimated inventory, June 1	Estimated inventory, June 1
Total units to be produced	fill in the blank e8542e098fd2047_12	fill in the blank e8542e098fd2047_13

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