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 1 235   69 Desired inventory (units), June 30 270   60 Expected sales volume (units):       East Region 2,850   2,500 West Region 4,850   5,500 Unit sales price $135   $185 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:       East Region fill in the blank a2cab3f7d050faf_1 $fill in the blank a2cab3f7d050faf_2 $fill in the blank a2cab3f7d050faf_3 West Region fill in the blank a2cab3f7d050faf_4 fill in the blank a2cab3f7d050faf_5 fill in the blank a2cab3f7d050faf_6 Total fill in the blank a2cab3f7d050faf_7   $fill in the blank a2cab3f7d050faf_8 Model Thunder:       East Region fill in the blank a2cab3f7d050faf_9 $fill in the blank a2cab3f7d050faf_10 $fill in the blank a2cab3f7d050faf_11 West Region fill in the blank a2cab3f7d050faf_12 fill in the blank a2cab3f7d050faf_13 fill in the blank a2cab3f7d050faf_14 Total fill in the blank a2cab3f7d050faf_15   $fill in the blank a2cab3f7d050faf_16 Total revenue from sales     $fill in the blank a2cab3f7d050faf_17 b.   Prepare a production budget. Sonic Inc. Production Budget For the Month Ending June 30   Units Model Rumble Units Model Thunder Expected units to be sold fill in the blank a23166f6cfa6fac_1 fill in the blank a23166f6cfa6fac_2   fill in the blank a23166f6cfa6fac_4 fill in the blank a23166f6cfa6fac_5 Total units required fill in the blank a23166f6cfa6fac_6 fill in the blank a23166f6cfa6fac_7   fill in the blank a23166f6cfa6fac_9 fill in the blank a23166f6cfa6fac_10 Total units to be produced fill in the blank a23166f6cfa6fac_11 fill in the blank a23166f6cfa6fac_12

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 1 235   69
Desired inventory (units), June 30 270   60
Expected sales volume (units):      
East Region 2,850   2,500
West Region 4,850   5,500
Unit sales price $135   $185

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:      
East Region fill in the blank a2cab3f7d050faf_1 $fill in the blank a2cab3f7d050faf_2 $fill in the blank a2cab3f7d050faf_3
West Region fill in the blank a2cab3f7d050faf_4 fill in the blank a2cab3f7d050faf_5 fill in the blank a2cab3f7d050faf_6
Total fill in the blank a2cab3f7d050faf_7   $fill in the blank a2cab3f7d050faf_8
Model Thunder:      
East Region fill in the blank a2cab3f7d050faf_9 $fill in the blank a2cab3f7d050faf_10 $fill in the blank a2cab3f7d050faf_11
West Region fill in the blank a2cab3f7d050faf_12 fill in the blank a2cab3f7d050faf_13 fill in the blank a2cab3f7d050faf_14
Total fill in the blank a2cab3f7d050faf_15   $fill in the blank a2cab3f7d050faf_16
Total revenue from sales     $fill in the blank a2cab3f7d050faf_17

b.   Prepare a production budget.

Sonic Inc.
Production Budget
For the Month Ending June 30
  Units Model Rumble Units Model Thunder
Expected units to be sold fill in the blank a23166f6cfa6fac_1 fill in the blank a23166f6cfa6fac_2
  fill in the blank a23166f6cfa6fac_4 fill in the blank a23166f6cfa6fac_5
Total units required fill in the blank a23166f6cfa6fac_6 fill in the blank a23166f6cfa6fac_7
  fill in the blank a23166f6cfa6fac_9 fill in the blank a23166f6cfa6fac_10
Total units to be produced fill in the blank a23166f6cfa6fac_11 fill in the blank a23166f6cfa6fac_12
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