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: 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 Rumble Thunder 280 82 322 71 For the Month Ending June 30 3,900 3,450 5,300 6,000 $125 $215 Unit Unit Volume Sales Selling Price Total Sales Product and Area Model Rumble: North Region
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.
![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
280
82
Desired inventory (units), June 30
322
71
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
3,900
3,450
5,300
6,000
$125
$215
Unit
Unit
Total
Sales Selling
Volume
Sales
Price
Product and Area
Model Rumble:
North Region
South Region
Total
Model Thunder:
North Region
South Donion
00 000
00 00
00 000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb100a019-8e61-48bc-9a14-b514c6f016e4%2Ffaad35ce-f451-4c05-a6d8-44d46bad0ca4%2Fhys7gqb_processed.png&w=3840&q=75)
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