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 1 260 64 Desired inventory (units), June 30 299 56 Expected sales volume (units): Midwest Region 2,900 2,550 South Region 5,650 4,900 Unit sales price $95 $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 South Region Accounting numeric field Total Model: Thunder Midwest Region South Region Total Total revenue from sales

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 1 260 64 Desired inventory (units), June 30 299 56 Expected sales volume (units): Midwest Region 2,900 2,550 South Region 5,650 4,900 Unit sales price $95 $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 South Region Accounting numeric field Total Model: Thunder Midwest Region South Region Total Total revenue from sales

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

dont provide handwriing solution...
Vibrant 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 Desired inventory 250 75 287 65 (units), June 30 Expected sales volume (units): North Region 2,400 2,100 South Region 5,800 6,550 Unit sales price $125 $225 a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Unit Sales Selling Volume Price Unit Total Sales Product and Area Model Rumble: North Region South Region Total Model Thunder: North Region South Region 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 Estimated inventory (units), June 1 750 300 Desired inventory (units), June 30 500 250 Expected sales volume (units): Midwest Region 12,000 3,500 South Region 14,000 4,000 Unit sales price $60 $90 a. Prepare a sales budget. b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Quetzaltenango Candle Inc. projected sales of 41,000 candles for March. The estimated March 1 inventory is 2,100 units, and the desired March 31 inventory is 5,000 units. Prepare a production budget report in units for Quetzaltenango Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Quetzaltenango Candle Inc. Production Budget For the Month Ending March 31 Line Item Description Units Sales 41,000 Estimated beginning inventory, March 1 2,100 X Total units available 43,100 X Expected units to be sold x -5,000 X Total units to be produced in March 38,100 X
Bramble manufactures competition stunt kites. In November, Joseph Moore prepared the following production budget for the first quarter of the coming year. Desired ending inventory is based on the following month's budgeted sales. January February March Quarter Budgeted sales 42,000 32,000 35,000 109,000 Desired ending inventory 6,400 7,000 2,400 2,400 Kites needed 48,400 39,000 37,400 111,400 Less beginning inventory 8,400 6,400 6,400 8,400 Budgeted production 40,000 32,600 31,000 103,000 Following lower-than-expected sales in December, Jerry conducted an inventory count on January 2 and discovered that the company had 3,000 completed kites on hand. He decided that given the slow sales in December, the company should decrease its desired ending inventory level from 20 to 10% of the next month's sales volume.(a) Prepare a new production budget for the first quarter.…
Please do not give solution in image format thanku
Scholar Suppliers manufactures backpacks for students. The backpacks come in two sizes: Small, and Large. Scholar Suppliers anticipates the following sales volumes and prices for the coming period: Size Sales Volume Selling Price Small 3,000 backpacks $25 each Large 6,000 backpacks $75 each What is the budgeted level of revenue for the coming period?
Prepare the production budget (in units) for 20x0.
please do not provide hand written answer
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 Desired inventory (units), June 30 Expected sales volume (units): Midwest Region South Region Unit sales price a. Prepare sales budget. Midwest Region South Region Total Model: Thunder 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 Total revenue from sales 750 500 10001000 12,000 14,000 $60 300 250 3,500 4,000 $90 000 0000
Vibrant 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 1 258 70 Desired inventory (units), June 30 296 61 Expected sales volume (units): North Region 3,250 3,650 South Region 5,200 4,500 Unit sales price $95 $185 a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Unit Unit Total Sales Selling Sales Volume Price Product and Area Model Rumble: North Region South Region Total Model Thunder: North Region South Region Total Total revenue from sales b. Prepare a production budget. Vibrant Inc. Production Budget For the Month Ending June 30 Units Units Model Model Rumble Thunder Expected units to be sold Total units required Total units to be produced
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 Rumble 1000 100 297 341 4,350 5,400 $125 Thunder 86 75 3,850 6,100 $195 Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Total Sales 00 000 0000