FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Sales and Production Budgets
Sonic 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
271
67
Desired inventory (units), June 30
312
58
Expected sales volume (units):
Midwest Region
3,250
2,850
South Region
4,900
5,650
Unit sales price
$105
$210
a. Prepare a sales budget.
Sonic Inc.
Sales Budget
For the Month Ending June 30
Total Sales
Product and Area
Unit Sales Volume
Unit Selling Price
Model: Rumble
Midwest Region
South Region
Total
Model: Thunder
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Transcribed Image Text:Sales and Production Budgets Sonic 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 1 271 67 Desired inventory (units), June 30 312 58 Expected sales volume (units): Midwest Region 3,250 2,850 South Region 4,900 5,650 Unit sales price $105 $210 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Total Sales Product and Area Unit Sales Volume Unit Selling Price Model: Rumble Midwest Region South Region Total Model: Thunder
Midwest Region
South Region
Total
Total revenue from sales
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
Total units available
Total units to be produced
expand button
Transcribed Image Text:Midwest Region South Region Total Total revenue from sales 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 Total units available Total units to be produced
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