Bowser 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: Estimated inventory (units), June 11 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. 0001 Rumble Thunder. 272 313 Total Total revenue from sales 3,350 5,600 $110 Bowser Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble North Region South Region Total Model: Thunder North Region South Region 87 76 00 00 3,750 6,350 $205 100001000
Bowser 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: Estimated inventory (units), June 11 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. 0001 Rumble Thunder. 272 313 Total Total revenue from sales 3,350 5,600 $110 Bowser Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble North Region South Region Total Model: Thunder North Region South Region 87 76 00 00 3,750 6,350 $205 100001000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Concept explainers
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Transcribed Image Text:Bowser 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:
Estimated Inventory (units), June 11
Desired Inventory (units), June 30
Expected sales volume (units):
North Region
South Region
Unit sales price
a. Prepare a sales budget.
North Region
South Region
Total
Model: Thunder
North Region
South Region
Total
Rumble Thunder
Total revenue from sales
272
313
Bowser Inc.
Sales Budget
For the Month Ending June 30
Product and Area Unit Sales Volume Unit Selling Price Total Sales
Model: Rumble
3,350
5,600
$110
87
76
3,750
6,350
$205
QO
000 0000
Transcribed Image Text:b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Bowser Inc.
Production Budget
For the Month Ending June 30
Line Item Description Units Rumble Units Thunder
Total units available
Total units to be produced
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