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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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.

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 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
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
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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