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 (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Product and Area Model Rumble: North Region South Region Total Model Thunder: Unit Sales Unit Selling Volume Price 믐 278 320 4,300 4,850 $130 69 60 3,800 4,200 $210 Total Sales 38
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 (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Product and Area Model Rumble: North Region South Region Total Model Thunder: Unit Sales Unit Selling Volume Price 믐 278 320 4,300 4,850 $130 69 60 3,800 4,200 $210 Total Sales 38
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Question
Transcribed Image Text:Sales and Production Budgets
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 (units), June 30
Expected sales volume (units):
North Region
South Region
Unit sales price
a. Prepare a sales budget.
Vibrant Inc.
Sales Budget
For the Month Ending June 30
Product and Area
Model Rumble:
North Region
South Region
Total
Model Thunder:
Unit
Sales
Volume
Unit
Selling
Price
278
320
4,300
4,850
$130
Total
Sales
69
60
3,800
4,200
$210
Transcribed Image Text:North Region
South Region
UD
Total
Total revenue from sales
b. Prepare a production budget.
Vibrant Inc.
Production Budget
For the Month Ending June 30
Expected units to be sold
Total units required
Total units to be produced
00
Units
Model
Rumble
Units
Model
Thunder
10000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
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.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education