50.1K

Verified Solution

Link Copied!

1. 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	225		68
   Desired inventory (units), June 30	259		59
   Expected sales volume (units):
   Midwest Region	2,100		1,850
   South Region	5,300		6,000
   Unit sales price	$115		$210

   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 e7e607026ff500f_1	$fill in the blank e7e607026ff500f_2	$fill in the blank e7e607026ff500f_3
   South Region	fill in the blank e7e607026ff500f_4	fill in the blank e7e607026ff500f_5	fill in the blank e7e607026ff500f_6
   Total	fill in the blank e7e607026ff500f_7		$fill in the blank e7e607026ff500f_8
   Model: Thunder
   Midwest Region	fill in the blank e7e607026ff500f_9	$fill in the blank e7e607026ff500f_10	$fill in the blank e7e607026ff500f_11
   South Region	fill in the blank e7e607026ff500f_12	fill in the blank e7e607026ff500f_13	fill in the blank e7e607026ff500f_14
   Total	fill in the blank e7e607026ff500f_15		$fill in the blank e7e607026ff500f_16
   Total revenue from sales			$fill in the blank e7e607026ff500f_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
   	fill in the blank 38182b09efe6fc8_2	fill in the blank 38182b09efe6fc8_3
   	fill in the blank 38182b09efe6fc8_5	fill in the blank 38182b09efe6fc8_6
   Total units available	fill in the blank 38182b09efe6fc8_7	fill in the blank 38182b09efe6fc8_8
   	fill in the blank 38182b09efe6fc8_10	fill in the blank 38182b09efe6fc8_11
   Total units to be produced	fill in the blank 38182b09efe6fc8_12	fill in the blank 38182b09efe6fc8_13

Answer & Explanation Solved by verified expert

See Answer