Sales and Production BudgetsSonic 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 1750 300Desired inventory (units), June 30500 250Expected sales volume (units): Midwest Region12,000 3,500South Region14,000 4,000Unit sales price$60 $90a. Prepare a sales budget.Sonic Inc.Sales BudgetFor the Month Ending June 30Product and AreaUnit Sales VolumeUnit Selling PriceTotal SalesModel: Rumble Midwest Regionfill in the blank fc706103c004f90_1$fill in the blank fc706103c004f90_2$fill in the blank fc706103c004f90_3South Regionfill in the blank fc706103c004f90_4fill in the blank fc706103c004f90_5fill in the blank fc706103c004f90_6Totalfill in the blank fc706103c004f90_7 $fill in the blank fc706103c004f90_8Model: Thunder Midwest Regionfill in the blank fc706103c004f90_9$fill in the blank fc706103c004f90_10$fill in the blank fc706103c004f90_11South Regionfill in the blank fc706103c004f90_12fill in the blank fc706103c004f90_13fill in the blank fc706103c004f90_14Totalfill in the blank fc706103c004f90_15 $fill in the blank fc706103c004f90_16Total revenue from sales $fill in the blank fc706103c004f90_17 b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.Sonic Inc.Production BudgetFor the Month Ending June 30 Units RumbleUnits Thunder - Select -- Select - - Select -- Select -Total units availablefill in the blank 025974025000fbe_7fill in the blank 025974025000fbe_8 - Select -- Select -Total units to be producedfill in the blank 025974025000fbe_12fill in the blank 025974025000fbe_13 Check My Work

The budget is prepared at the beginning of the period that includes the cost and revenue to be…

Answered: Sonic Inc. manufactures two models of…

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 6E: Sales and production budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder....

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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	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.

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 fc706103c004f90_1	$fill in the blank fc706103c004f90_2	$fill in the blank fc706103c004f90_3
South Region	fill in the blank fc706103c004f90_4	fill in the blank fc706103c004f90_5	fill in the blank fc706103c004f90_6
Total	fill in the blank fc706103c004f90_7		$fill in the blank fc706103c004f90_8
Model: Thunder
Midwest Region	fill in the blank fc706103c004f90_9	$fill in the blank fc706103c004f90_10	$fill in the blank fc706103c004f90_11
South Region	fill in the blank fc706103c004f90_12	fill in the blank fc706103c004f90_13	fill in the blank fc706103c004f90_14
Total	fill in the blank fc706103c004f90_15		$fill in the blank fc706103c004f90_16
Total revenue from sales			$fill in the blank fc706103c004f90_17

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
	- Select -	- Select -
	- Select -	- Select -
Total units available	fill in the blank 025974025000fbe_7	fill in the blank 025974025000fbe_8
	- Select -	- Select -
Total units to be produced	fill in the blank 025974025000fbe_12	fill in the blank 025974025000fbe_13