Question

Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on...

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 1 284 91
Desired inventory (units), June 30 327 79
Expected sales volume (units):
Midwest Region 3,550 4,000
South Region 5,800 6,550
Unit sales price $135 $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 $ $
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
Total units to be produced

Homework Answers

Answer #1

a. Prepare a sales budget.

Unit Sales
Volume
Unit Selling
price
Total Sales
Model Rumble:
East region 3,550 135 479,250
West region 5,800 135 783,000
Total 1,262,250
Model Thunder:
East region 4,000 210 840,000
West region 6,550 210 1,375,500
Total 2,215,500
Total revenue from sales 3,477,750

b. Prepare a production budget.

Units Model
Rumble
Units Model
Thunder
Expected units to be sold 9,350 10,550
Add: Desired ending inventory 327 79
Total units required 9,677 10,629
Less: Beginning inventory (284) (91)
Total units to be produced 9,393 10,538
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