FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
250
75
287
65
(units), June 30
Expected sales volume
(units):
North Region
2,400
2,100
South Region
5,800
6,550
Unit sales price
$125
$225
a. Prepare a sales budget.
Vibrant Inc.
Sales Budget
For the Month Ending June 30
Unit
Sales Selling
Volume Price
Unit
Total
Sales
Product and Area
Model Rumble:
North Region
South Region
Total
Model Thunder:
North Region
South Region
Total
Total revenue from sales
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Transcribed Image Text: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 250 75 287 65 (units), June 30 Expected sales volume (units): North Region 2,400 2,100 South Region 5,800 6,550 Unit sales price $125 $225 a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Unit Sales Selling Volume Price Unit Total Sales Product and Area Model Rumble: North Region South Region Total Model Thunder: North Region South Region Total Total revenue from sales
b. Prepare a production budget.
Vibrant Inc.
Production Budget
For the Month Ending June 30
Units
Model Model
Rumble Thunder
Units
Expected units to be sold
Total units required
Total units to be produced
expand button
Transcribed Image Text:b. Prepare a production budget. Vibrant Inc. Production Budget For the Month Ending June 30 Units Model Model Rumble Thunder Units Expected units to be sold Total units required Total units to be produced
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