Model: Rumble Midwest Region South Region Total Model: Thunder Midwest Region South Region Total Total revenue from sales Total units available 00 . 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 Total units to be produced QO Units Rumble Units Thunder
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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![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
Desired inventory (units), June 30
Expected sales volume (units):
Midwest Region
South Region
Unit sales price
a. Prepare a sales budget.
Midwest Region
South Region
Total
Model: Thunder
259
Midwest Region
298
Sonic Inc.
Sales Budget
For the Month Ending June 30
Product and Area Unit Sales Volume Unit Selling Price Total Sales
Model: Rumble
3,050
5,450
$105
83
72
3,400
6,150
$215](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb304e046-b1d0-405c-819e-5b64d409d094%2Fe498bad3-5e3b-4905-b26c-9a210446a589%2F6322xv_processed.png&w=3840&q=75)
![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 which you must enter subtracted or negative numbers use a minus sign.
Sonic Inc.
Production Budget
For the Month Ending June 30
Total units available
Total units to be produced
10000 1000
Units Rumble Units Thunder](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb304e046-b1d0-405c-819e-5b64d409d094%2Fe498bad3-5e3b-4905-b26c-9a210446a589%2Fh0rgv0b_processed.png&w=3840&q=75)
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