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 1 291 93
Desired inventory (units), June 30 334 81
Expected sales volume (units):
East Region 3,900 4,350
West Region 5,650 6,400
Unit sales price $115 $190

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:
East Region $ $
West Region
Total $
Model Thunder:
East Region $ $
West Region
Total $
Total revenue from sales $

b. Prepare a production budget.

Sonic Inc.
Production Budget
For the Month Ending June 30
Units Model Rumble Units Model Thunder
Expected units to be sold
Total units required
Total units to be produced

Homework Answers

Answer #1

Sales budget

Unit Sales volume Unit selling price Total Sales
Model Rumble:
East Region 3900 115 448500
West Region 5650 115 649750
Total 1098250
Model Thunder
East Region 4350 190 826500
West Region 6400 190 1216000
Total 2042500
Total revenue from sales
3140750

Production budget

Units Model Rumble Units Model Thunder
Expected units to be sold 9550 10750
Desired ending inventory 334 81
Total units required 9884 10831
Less: Beginning inventory -291 -93
Total units to be produced 9593 10738
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