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 1 251 69 Desired inventory (units), June 30 289 60 <) Expected sales volume (units): Midwest Region 3,200 3,600 South Region 5,050 4,400 Unit sales price $140 $195 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 South Region Total Model: Thunder Midwest Region South Region Total Total revenue from sales b. 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 Units Rumble Units Thunder Total units available Total units to be produced

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 1 251 69 Desired inventory (units), June 30 289 60 <) Expected sales volume (units): Midwest Region 3,200 3,600 South Region 5,050 4,400 Unit sales price $140 $195 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 South Region Total Model: Thunder Midwest Region South Region Total Total revenue from sales b. 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 Units Rumble Units Thunder Total units available Total units to be produced

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 5E: Production budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic...

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Operating Budget, Comprehensive Analysis Allison Manufacturing produces a subassembly used in the production of jet aircraft engines. The assembly is sold to engine manufacturers and aircraft maintenance facilities. Projected sales in units for the coming 5 months follow: The following data pertain to production policies and manufacturing specifications followed by Allison Manufacturing: a. Finished goods inventory on January 1 is 32,000 units, each costing 166.06. The desired ending inventory for each month is 80% of the next months sales. b. The data on materials used are as follows: Inventory policy dictates that sufficient materials be on hand at the end of the month to produce 50% of the next months production needs. This is exactly the amount of material on hand on December 31 of the prior year. c. The direct labor used per unit of output is 3 hours. The average direct labor cost per hour is 14.25. d. Overhead each month is estimated using a flexible budget formula. (Note: Activity is measured in direct labor hours.) e. Monthly selling and administrative expenses are also estimated using a flexible budgeting formula. (Note: Activity is measured in units sold.) f. The unit selling price of the subassembly is 205. g. All sales and purchases are for cash. The cash balance on January 1 equals 400,000. The firm requires a minimum ending balance of 50,000. If the firm develops a cash shortage by the end of the month, sufficient cash is borrowed to cover the shortage. Any cash borrowed is repaid at the end of the quarter, as is the interest due (cash borrowed at the end of the quarter is repaid at the end of the following quarter). The interest rate is 12% per annum. No money is owed at the beginning of January. Required: 1. Prepare a monthly operating budget for the first quarter with the following schedules. (Note: Assume that there is no change in work-in-process inventories.) a. Sales budget b. Production budget c. Direct materials purchases budget d. Direct labor budget e. Overhead budget f. Selling and administrative expenses budget g. Ending finished goods inventory budget h. Cost of goods sold budget i. Budgeted income statement j. Cash budget 2. CONCEPTUAL CONNECTION Form a group with two or three other students. Locate a manufacturing plant in your community that has headquarters elsewhere. Interview the controller for the plant regarding the master budgeting process. Ask when the process starts each year, what schedules and budgets are prepared at the plant level, how the controller forecasts the amounts, and how those schedules and budgets fit in with the overall corporate budget. Is the budgetary process participative? Also, find out how budgets are used for performance analysis. Write a summary of the interview.
Sales and production budgets Ultimate Audio Company manufactures two models of speakers. U500 and S1000. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget.
Production budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 11,800 and 8,100 units, respectively. The desired finished goods inventory for March 31 for the Bath and Gym scale models is 15,000 and 7,500 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended March 31.
Subject- accounting
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 11 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price 256 294 3,550 4,850 $145 75 65 3,100 5,500 1220
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 Model: Thunder Midwest Region South Region Total Total revenue from sales Feedback. Check My Work Expected units to be sold ✓ Desired inventory, June 30 ✔ Rumble Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Total units available Estimated inventory, June 1 750 Total units to be produced 500 12,000 14,000 $60 Thunder 300 250 3,500 4,000 $90 b. 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…
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 750 500 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 12,000 14,000 $60 1000 1000 300 250 Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price 3,500 4,000 $90 Total Sales 10000 1000
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. Midwest Region South Region Total Model: Thunder Midwest Region South Region Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble Total Total revenue from sales Rumble Thunder $ Total units available Total units to be produced 258 296 3,450 5,000 $115 Sonic Inc. Production Budget For the Month Ending June 30 75 65 b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 3,050 5,650 $225 Units Rumble Units Thunder $
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 1 284 83 Desired inventory (units), June 30 326 72 Expected sales volume (units): Midwest Region 3,900 3,450 South Region 5,400 6,100 Unit sales price $105 $220 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 fill in the blank 9bb207fb4056f89_1 $fill in the blank 9bb207fb4056f89_2 $fill in the blank 9bb207fb4056f89_3 South Region fill in the blank 9bb207fb4056f89_4 fill in the blank 9bb207fb4056f89_5 fill in the blank 9bb207fb4056f89_6 Total fill in the blank 9bb207fb4056f89_7 $fill in the blank 9bb207fb4056f89_8 Model: Thunder Midwest Region fill in the blank…
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 1 276 81 Desired inventory (units), June 30 317 70 Expected sales volume (units): Midwest Region 3,600 3,150 South Region 5,450 6,150 Unit sales price $115 $215 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 fill in the blank 931981002034fb4_1 $fill in the blank 931981002034fb4_2 $fill in the blank 931981002034fb4_3 South Region fill in the blank 931981002034fb4_4 fill in the blank 931981002034fb4_5 fill in the blank 931981002034fb4_6 Total fill in the blank 931981002034fb4_7 $fill in the blank 931981002034fb4_8 Model: Thunder…
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ales 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 ThunderEstimated inventory (units), June 1 308 99Desired inventory (units), June 30 354 86Expected sales volume (units): Midwest Region 4,400 4,950South Region 5,700 6,450Unit sales price $95 $225 a. Prepare a sales budget. Sonic Inc.Sales BudgetFor the Month Ending June 30Product and Area Unit Sales Volume Unit Selling Price Total SalesModel: Rumble Midwest Region fill in the blank b94e4ffaa020042_1$fill in the blank b94e4ffaa020042_2$fill in the blank b94e4ffaa020042_3South Region fill in the blank b94e4ffaa020042_4fill in the blank b94e4ffaa020042_5fill in the blank b94e4ffaa020042_6Total fill in the blank b94e4ffaa020042_7$fill in the blank b94e4ffaa020042_8Model: Thunder Midwest Region fill in the blank b94e4ffaa020042_9$fill in the blank b94e4ffaa020042_10$fill in…