**Production Budget Preparation Guide for Sonic Inc.****Objective:** To prepare a production budget using the provided template. Remember to represent any subtracted or negative figures with a minus sign.---**Budget Title:**- **Sonic Inc. Production Budget**- **For the Month Ending June 30**---**Table Structure:**| | Units Rumble | Units Thunder ||---------------------------|--------------|---------------|| (Dropdown option) | [Input box] | [Input box] || (Dropdown option) | [Input box] | [Input box] || **Total units available** | [Input box] | [Input box] || (Dropdown option) | [Input box] | [Input box] || **Total units to be produced** | [Input box] | [Input box] |---**Instructions:**1. **Dropdown Options:** - Select appropriate values from dropdowns to fill in the required information for both "Units Rumble" and "Units Thunder."2. **Total Units Available:** - Calculate and enter the total units available using the figures provided.3. **Total Units to be Produced:** - Determine how many units need to be produced and enter these figures accordingly.4. **Negative Values:** - If any computed value is negative or represents a subtraction, ensure it is denoted with a minus sign (e.g., -50).---This template aids in efficiently calculating and planning the production requirements for "Units Rumble" and "Units Thunder" for Sonic Inc. ## 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 budgetb) A production budget### Inventory and Sales Data#### Rumble- **Estimated inventory (units) on June 1:** 286- **Desired inventory (units) on June 30:** 329- **Expected sales volume (units):** - Midwest Region: 4,400 - South Region: 5,000- **Unit sales price:** $95#### Thunder- **Estimated inventory (units) on June 1:** 92- **Desired inventory (units) on June 30:** 80- **Expected sales volume (units):** - Midwest Region: 4,950 - South Region: 5,650- **Unit sales price:** $200### 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 | | $95 | || South Region | | $95 | || **Total** | | | || **Model: Thunder** | | | || Midwest Region | | $200 | || South Region | | $200 | || **Total** | | | |**Total revenue from 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: Rumble Thunder 286 329 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 Model: Thunder Midwest Region South Region Total Total revenue from sales 4,400 5,000 $95 92 80 4,950 5,650 $200 Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Total Sales 000 0000

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 286 329 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 Model: Thunder Midwest Region South Region Total Total revenue from sales 4,400 5,000 $95 92 80 4,950 5,650 $200 Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Total Sales 000 0000

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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