Sales and Production BudgetsSonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budgetand (b) a production budget:RumbleThunderEstimated inventory (units), June 127167Desired inventory (units), June 3031258Expected sales volume (units):Midwest Region3,2502,850South Region4,9005,650Unit sales price$105$210a. Prepare a sales budget.Sonic Inc.Sales BudgetFor the Month Ending June 30Total SalesProduct and AreaUnit Sales VolumeUnit Selling PriceModel: RumbleMidwest RegionSouth RegionTotalModel: Thunder Midwest RegionSouth RegionTotalTotal revenue from salesb. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.Sonic Inc.Production BudgetFor the Month Ending June 30Units RumbleUnits ThunderTotal units availableTotal units to be produced

The sales value of each region is the product of the units sold by each region and the unit selling…

Answered: Sales and Production Budgets Sonic Inc.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 1 235 69 Desired inventory (units), June 30 270 60 Expected sales volume (units): East Region 2,850 2,500 West Region 4,850 5,500 Unit sales price $135 $185 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area UnitSalesVolume UnitSellingPrice TotalSales Model Rumble: East Region fill in the blank a2cab3f7d050faf_1 $fill in the blank a2cab3f7d050faf_2 $fill in the blank a2cab3f7d050faf_3 West Region fill in the blank a2cab3f7d050faf_4 fill in the blank a2cab3f7d050faf_5 fill in the blank a2cab3f7d050faf_6 Total fill in the blank a2cab3f7d050faf_7 $fill in the blank a2cab3f7d050faf_8 Model Thunder: East…
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 1 211 62 Desired inventory (units), June 30 242 54 Expected sales volume (units): East Region 2,100 1,850 West Region 4,800 5,400 Unit sales price $115 $210 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area UnitSalesVolume UnitSellingPrice TotalSales Model Rumble: East Region $ $ West Region Total $ Model Thunder: East Region $ $ West Region Total $ Total revenue from sales $ b. Prepare a production budget. Sonic Inc. Production Budget For the Month Ending June 30 Units Model Rumble Units Model Thunder Expected units to be sold…
Please help Multiple Choice question Sevenbergen Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 92 Budgeted unit sales (all on credit): July 9,000 August 11,300 September 10,400 October 10,800 Raw materials requirement per unit of output 4 pounds Raw materials cost $ 1.00 per pound Direct labor requirement per unit of output 2.8 direct labor-hours Direct labor wage rate $ 22.00 per direct labor-hour Variable selling and administrative expense $ 1.50 per unit sold Fixed selling and administrative expense $ 70,000 per month Credit sales are collected: 40% in the month of the sale 60% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should…
How do I prepare the selling and administrative expense budget for the quarter ended March 31, 20X1?
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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 1 305 76 Desired inventory (units), June 30 350 66 Expected sales volume (units): Midwest Region 4,300 3,800 South Region 5,700 4,950 Unit sales price $135 $215 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 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 %24
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 1 236 64 Desired inventory (units), June 30 271 56 Expected sales volume (units): Midwest Region 2,650 2,950 South Region 5,100 4,450 Unit sales price $125 $205 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 $ $ 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…
Production Budget Healthy Measures Inc. produces a Bath and Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Scale Gym Scale Northern Region unit sales 26,900 37,000 Southern Region unit sales 29,100 30,600 Total 56,000 67,600 The finished goods inventory estimated for March 1, for the Bath and Gym scale models is 1,300 and 2,200 units, respectively. The desired finished goods inventory for March 31 for the Bath and Gym scale models is 900 and 2,400 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended March 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
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Please do not give solution in image format thanku
Please do not give solution in image format thanku
Please do not give solution in image format thanku

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