Sales and Production BudgetsSonic Inc. manufactures two models of speakers, Rumbleand Thunder. Based on the following production and salesdata for June, prepare (a) a sales budget and (b) aproduction budget:Rumble ThunderEstimated inventory (units), June 125169Desired inventory (units), June 3028960<) Expected sales volume (units):Midwest Region3,2003,600South Region5,0504,400Unit sales price$140$195a. Prepare a sales budget.Sonic Inc.Sales BudgetFor the Month Ending June 30Product and Area Unit Sales Volume Unit Selling Price Total SalesModel: RumbleMidwest RegionSouth RegionTotalModel: ThunderMidwest RegionSouth RegionTotalTotal revenue from salesb. Prepare a production budget. For those boxes in whichyou must enter subtracted or negative numbers use aminus sign.Sonic Inc.Production BudgetFor the Month Ending June 30Units Rumble Units ThunderTotal units availableTotal units to be produced

The sales budget is prepared to measure the total number of units sold by the company and the total…

Answered: Sales and Production Budgets Sonic Inc.…

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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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 1 236 64 Desired inventory (units), June 30 271 56 Expected sales volume (units): Midwest Region 2,650 2,950 South Region 5,100 4,450 Unit sales price $125 $205 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…
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Production budget Healthy Habits Inc. produces a Bath version and a Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Gym Scale Scale Western Region unit sales 19,000 35,000 Eastern Region unit sales 20,500 21,500 Total 39,500 56,500 The finished goods inventory estimated for January 1, for the Bath and Gym scale models is 1,300 and 2,600 units, respectively. The desired finished goods inventory for January 31 for the Bath and Gym scale models is 900 and 2,800 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended January 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Healthy Habits Inc. Production Budget For the Month Ending January 31 Line Item Description Units Bath Scale Units Gym Scale Total units available Total units to be produced
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Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world. Projected sales in units for the coming five months are given below. January 10,000 February 10,600 March 13,600 April 16,000 May 18,500 The following data pertain to production policies and manufacturing specifications followed by Ponderosa: Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month’s sales. The data on materials used are as follows: Direct Material Per-Unit Usage Unit Cost Part #K298 2 $4 Part #C30 3 7 Inventory policy dictates that sufficient materials be on hand at the beginning of the month to satisfy 30 percent of the next month’s production needs. This is exactly the amount of material on hand on…
Question Content Area Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.80 Direct labor 0.45 Variable overhead 0.75 Fixed overhead 1.85 Total unit cost $4.85 For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 286,000 of them. Budgeted beginning inventory in units is 18,000 with unit cost of $4.85. (There are no beginning or ending inventories of work in process.) Required: Question Content Area 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. Budgeted direct materials $fill in the blank 7fbb030b9f9906d_1 Budgeted direct labor fill in the blank 7fbb030b9f9906d_2 Budgeted overhead fill in the blank 7fbb030b9f9906d_3 Total budgeted manufacturing cost $fill in the blank 7fbb030b9f9906d_4 Question…
Production budget Healthy Habits Inc. produces a Bath version and a Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Gym Scale Scale Western Region unit sales 25,700 34,900 27,800 29,200 53,500 64,100 Eastern Region unit sales Total The finished goods inventory estimated for January 1, for the Bath and Gym scale models is 1,400 and 2,500 units, respectively. The desired finished goods inventory for January 31 for the Bath and Gym scale models is 1,000 and 2,700 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended January 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Healthy Habits Inc. Production Budget For the Month Ending January 31 Line Item Description Units Bath Scale Units Gym Scale Total units available Total units to be produced
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Direct Materials Purchases Budget Zippy's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 14,700 27,200 There are three direct materials used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 12" Pizza 16" Pizza Direct materials: Dough 0.60 lb. per unit 1.00 lb. per unit Tomato 0.30 0.45 Cheese 0.50 0.80 In addition, Zippy's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 630 Ibs. 220 Ibs. 330 lbs. Desired inventory, September 30 660 Ibs. 210 Ibs. 360 Ibs. Price per pound $1.50 $2.60 $3.00 Sign out O A 12:08

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