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 1 282 78
Desired inventory (units), June 30 324 68
Expected sales volume (units):
Midwest Region 3,850 4,300
South Region 5,400 4,700
Unit sales price $130 $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
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

Sales budget :

Product and Area Unit sales volume Unit Sale price Total Sales
Model: Rumble
Midwest Region 3850 130 500500
South Region 5400 130 702000
Total 1202500
Model: Thunder
Midwest Region 4300 190 817000
South Region 4700 190 893000
Total 1710000
Total revenue from sales
2912500

Production budget :

Unit rumble Unit thunder
Sales units 9250 9000
Add: Desired ending inventory 324 68
Total 9574 9068
Less; Beginning inventory -282 -78
Total units to be produced
9292 8990
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