Sales and production budgets 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: Rumble Thunder Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. Product and Area Model: Rumble North Region South Region Total Model: Thunder North Region South Region Total Total revenue from sales Total units available 245 282 2,950 5,100 $140 Total units to be produced 78 68 Bowser Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Total Sales 3,300 5,750 $195 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 10000 1000
Sales and production budgets 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: Rumble Thunder Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. Product and Area Model: Rumble North Region South Region Total Model: Thunder North Region South Region Total Total revenue from sales Total units available 245 282 2,950 5,100 $140 Total units to be produced 78 68 Bowser Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Total Sales 3,300 5,750 $195 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 10000 1000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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:Sales and production budgets
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:
Rumble Thunder
Estimated inventory (units), June 1
Desired inventory (units), June 30
Expected sales volume (units):
North Region
South Region
Unit sales price
a. Prepare a sales budget.
Product and Area
Model: Rumble
North Region
South Region
Total
Model: Thunder
North Region
South Region
Total
Total revenue from sales
Total units available
245
282
Total units to be produced
2,950
5,100
$140
78
68
Bowser Inc.
Sales Budget
For the Month Ending June 30
Unit Sales Volume Unit Selling Price Total Sales
3,300
5,750
$195
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
10000 1000
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