Sonic Inc. manufacturers 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 76 Desired inventory (units), June 30 322 66 Expected sales volume (units): Midwest Region 3,500 3,900 South Region 5,700 4,950 Unit sales price $125 $210 Refer to the pictures for the sales budget and production budget template.
Sonic Inc. manufacturers 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 76 Desired inventory (units), June 30 322 66 Expected sales volume (units): Midwest Region 3,500 3,900 South Region 5,700 4,950 Unit sales price $125 $210 Refer to the pictures for the sales budget and production budget template.
Chapter8: Budgets And Bank Reconciliations
Section: Chapter Questions
Problem 2.5C
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Question
Sonic Inc. manufacturers 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 | 76 |
| Desired inventory (units), June 30 | 322 | 66 |
| Expected sales volume (units): | ||
| Midwest Region | 3,500 | 3,900 |
| South Region | 5,700 | 4,950 |
| Unit sales price | $125 | $210 |
Refer to the pictures for the sales budget and production budget template.
Transcribed Image Text:a. Prepare a sales budget.
Sonic Inc.
Sales Budget
For the Month Ending June 30
Product and Area
Unit Sales Volume
Unit Selling Price
Total Sales
Model: Rumble
Midwest Region
2$
South Region
Total
Model: Thunder
Midwest Region
South Region
Total
Total revenue from sales
Transcribed Image Text: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
Expected units to be sold V
Desired inventory, June 30
Total units available
Estimated inventory, June 1
Total units to be produced
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