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
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
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 | 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 Budget
For 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45a539d8-0175-49be-87b9-0888edd41698%2F2c3a4485-39a7-4b84-8a03-55dcdcc3145b%2Funez06h_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 Budget
For 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.
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