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 1 219 70 Desired inventory (units), June 30 252 61 Expected sales volume (units): Midwest Region 2,250 2,500 South Region 4,950 5,600 Unit sales price $115 $185 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.
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 1 219 70 Desired inventory (units), June 30 252 61 Expected sales volume (units): Midwest Region 2,250 2,500 South Region 4,950 5,600 Unit sales price $115 $185 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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 | 219 | 70 | |
Desired inventory (units), June 30 | 252 | 61 | |
Expected sales volume (units): | |||
Midwest Region | 2,250 | 2,500 | |
South Region | 4,950 | 5,600 | |
Unit sales price | $115 | $185 |
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.

Transcribed Image Text: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

Transcribed Image Text: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
219
70
Desired inventory (units), June 30
252
61
Expected sales volume (units):
Midwest Region
2,250
2,500
South Region
4,950
5,600
Unit sales price
$115
$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
Midwest Region
$
South Region
Total
Model: Thunder
Midwest Region
South Region
Total
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