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 Month Ending June 30   Units Rumble Units Thunder             Total units available           Total units to be produced

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 1 236   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 Month Ending June 30
  Units Rumble Units Thunder
     
     
Total units available    
     
Total units to be produced    
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