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 1 251 72
Desired inventory (units), June 30 289 63
Expected sales volume (units):
Midwest Region 3,450 3,050
South Region 4,800 5,400
Unit sales price $110 $185

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) Sales budget :

Product and Area Unit sale volume Unit selling price Sales revenue
Model: Rumble
Midwest Region 3450 110 379500
South Region 4800 110 528000
Total 907500
Model: Thunder
Midwest Region 3050 185 564250
South Region 5400 185 999000
Total 1563250
Total revenue from sales
2470750

b) Production budget :

Unit rumble Units thunder
Unit sales 8250 8450
Add: Desired ending inventory 289 63
Total 8539 8513
Less: Beginning inventory -251 -72
Total units to be produced
8288 8441
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