Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based...
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Accounting
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
274
79
Desired inventory (units), June 30
315
69
Expected sales volume (units):
Midwest Region
3,900
3,450
South Region
5,100
5,750
Unit sales price
$125
$200
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
Total units available
Total units to be produced
Answer & Explanation
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