Sales and Production BudgetsUltimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following production and sales data for June. U500 S1000Estimated inventory (units), June 1286 92Desired inventory (units), June 30329 80Expected sales volume (units): Northeast Region3,800 4,250Southwest Region5,600 6,350Unit sales price$125 $205a. Prepare a sales budget. Enter all amounts as positive numbers.ULTIMATE AUDIO COMPANYSales BudgetFor the Month Ending June 30Product and AreaUnit Sales VolumeUnit Sales PriceTotal SalesModel U500: Northeast Regionfill in the blank f7f4aafbc02af90_1$fill in the blank f7f4aafbc02af90_2$fill in the blank f7f4aafbc02af90_3Southwest Regionfill in the blank f7f4aafbc02af90_4fill in the blank f7f4aafbc02af90_5fill in the blank f7f4aafbc02af90_6Totalfill in the blank f7f4aafbc02af90_7 $fill in the blank f7f4aafbc02af90_8Model S1000: Northeast Regionfill in the blank f7f4aafbc02af90_9$fill in the blank f7f4aafbc02af90_10$fill in the blank f7f4aafbc02af90_11Southwest Regionfill in the blank f7f4aafbc02af90_12fill in the blank f7f4aafbc02af90_13fill in the blank f7f4aafbc02af90_14Totalfill in the blank f7f4aafbc02af90_15 $fill in the blank f7f4aafbc02af90_16Total revenue from sales $fill in the blank f7f4aafbc02af90_17b. Prepare a production budget. Enter all amounts as positive numbers.ULTIMATE AUDIO COMPANYProduction BudgetFor the Month Ending June 30 Model U500Model S1000Expected units to be soldfill in the blank c5419af53024071_1fill in the blank c5419af53024071_2 fill in the blank c5419af53024071_4fill in the blank c5419af53024071_5Totalfill in the blank c5419af53024071_6fill in the blank c5419af53024071_7 fill in the blank c5419af53024071_9fill in the blank c5419af53024071_10Total units to be producedfill in the blank c5419af53024071_11fill in the blank c5419af53024071_12

A budget is defined as an estimate of revenue income and expenses for a set period of time. The…

Answered: U500 S1000 Estimated inventory…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Sales and Production Budgets

Ultimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following production and sales data for June.

	U500	S1000
Estimated inventory (units), June 1	286	92
Desired inventory (units), June 30	329	80
Expected sales volume (units):
Northeast Region	3,800	4,250
Southwest Region	5,600	6,350
Unit sales price	$125	$205

a. Prepare a sales budget. Enter all amounts as positive numbers.

ULTIMATE AUDIO COMPANY
Sales Budget
For the Month Ending June 30
Product and Area	Unit Sales Volume	Unit Sales Price	Total Sales
Model U500:
Northeast Region	fill in the blank f7f4aafbc02af90_1	$fill in the blank f7f4aafbc02af90_2	$fill in the blank f7f4aafbc02af90_3
Southwest Region	fill in the blank f7f4aafbc02af90_4	fill in the blank f7f4aafbc02af90_5	fill in the blank f7f4aafbc02af90_6
Total	fill in the blank f7f4aafbc02af90_7		$fill in the blank f7f4aafbc02af90_8
Model S1000:
Northeast Region	fill in the blank f7f4aafbc02af90_9	$fill in the blank f7f4aafbc02af90_10	$fill in the blank f7f4aafbc02af90_11
Southwest Region	fill in the blank f7f4aafbc02af90_12	fill in the blank f7f4aafbc02af90_13	fill in the blank f7f4aafbc02af90_14
Total	fill in the blank f7f4aafbc02af90_15		$fill in the blank f7f4aafbc02af90_16
Total revenue from sales			$fill in the blank f7f4aafbc02af90_17

b. Prepare a production budget. Enter all amounts as positive numbers.

ULTIMATE AUDIO COMPANY
Production Budget
For the Month Ending June 30
	Model U500	Model S1000
Expected units to be sold	fill in the blank c5419af53024071_1	fill in the blank c5419af53024071_2
	fill in the blank c5419af53024071_4	fill in the blank c5419af53024071_5
Total	fill in the blank c5419af53024071_6	fill in the blank c5419af53024071_7
	fill in the blank c5419af53024071_9	fill in the blank c5419af53024071_10
Total units to be produced	fill in the blank c5419af53024071_11	fill in the blank c5419af53024071_12

Expert Solution

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions