3 Sales and Production BudgetsSonic 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 | 266 | 85 || Desired inventory (units), June 30 | 306 | 74 || Expected sales volume (units): | | || - Midwest Region | 3,150 | 3,550 || - South Region | 5,600 | 6,350 || Unit sales price | $145 | $210 |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 | | $145 | || - South Region | | | || **Total** | | | | Certainly! Here's a transcription that can be used on an educational website:---### Sales and Production Budget Overview#### Sales Budget- **Model: Rumble** - **Midwest Region**: - Units Sold: [Input Box] - Total Revenue: $[Input Box] - **South Region**: - Units Sold: [Input Box] - Total Revenue: $[Input Box] - **Total**: - Units Sold: [Input Box] - Total Revenue: $[Input Box]- **Model: Thunder** - **Midwest Region**: - Units Sold: [Input Box] - Total Revenue: $[Input Box] - **South Region**: - Units Sold: [Input Box] - Total Revenue: $[Input Box] - **Total**: - Units Sold: [Input Box] - Total Revenue: $[Input Box]**Total Revenue from Sales**: $[Input Box]#### b. Production BudgetFor any boxes requiring negative or subtracted numbers, please use a minus sign.**Sonic Inc. Production Budget***For the Month Ending June 30*| | **Units Rumble** | **Units Thunder** ||------------------|------------------|-------------------|| | [Input Box] | [Input Box] || | [Input Box] | [Input Box] || **Total Units Available** | [Input Box] | [Input Box] || | [Input Box] | [Input Box] || **Total Units to be Produced** | [Input Box] | [Input Box] |---This transcription provides all necessary fields for tracking and inputting sales and production data across different models and regions. It specifies the boxes for inputting specific numeric data and emphasizes areas where attention to detail is required for negative or subtracted values.

The production budget is used to estimate the units that should be produced for budgeted sales. The…

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: 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 Product and Area Model: Rumble Midwest Region South Region Total Rumble 000 266 306 3,150 5,600 $145 Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Thunder 85 74 3,550 6,350 $210 पी Unit Selling Price Total Sales

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: 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 Product and Area Model: Rumble Midwest Region South Region Total Rumble 000 266 306 3,150 5,600 $145 Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Thunder 85 74 3,550 6,350 $210 पी Unit Selling Price Total Sales

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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