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 1 230 57 Desired inventory (units), June 30 264 50 Expected sales volume (units): Midwest Region 2,100 1,850 South Region 5,450 4,750 Unit sales price $145 $190 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 fill in the blank 546851fde010fce_1 $fill in the blank 546851fde010fce_2 $fill in the blank 546851fde010fce_3 South Region fill in the blank 546851fde010fce_4 fill in the blank 546851fde010fce_5 fill in the blank 546851fde010fce_6 Total fill in the blank 546851fde010fce_7 $fill in the blank 546851fde010fce_8 Model: Thunder Midwest Region fill in the blank 546851fde010fce_9 $fill in the blank 546851fde010fce_10 $fill in the blank 546851fde010fce_11 South Region fill in the blank 546851fde010fce_12 fill in the blank 546851fde010fce_13 fill in the blank 546851fde010fce_14 Total fill in the blank 546851fde010fce_15 $fill in the blank 546851fde010fce_16 Total revenue from sales $fill in the blank 546851fde010fce_17 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 fill in the blank 36a1c7fda00a02a_2 fill in the blank 36a1c7fda00a02a_3 fill in the blank 36a1c7fda00a02a_5 fill in the blank 36a1c7fda00a02a_6 Total units available fill in the blank 36a1c7fda00a02a_7 fill in the blank 36a1c7fda00a02a_8 fill in the blank 36a1c7fda00a02a_10 fill in the blank 36a1c7fda00a02a_11 Total units to be produced fill in the blank 36a1c7fda00a02a_12 fill in the blank 36a1c7fda00a02a_13 Depreciation Direct labor Estimated inventory, June 1 Expected units to be sold Supervisor salaries
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 1 230 57 Desired inventory (units), June 30 264 50 Expected sales volume (units): Midwest Region 2,100 1,850 South Region 5,450 4,750 Unit sales price $145 $190 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 fill in the blank 546851fde010fce_1 $fill in the blank 546851fde010fce_2 $fill in the blank 546851fde010fce_3 South Region fill in the blank 546851fde010fce_4 fill in the blank 546851fde010fce_5 fill in the blank 546851fde010fce_6 Total fill in the blank 546851fde010fce_7 $fill in the blank 546851fde010fce_8 Model: Thunder Midwest Region fill in the blank 546851fde010fce_9 $fill in the blank 546851fde010fce_10 $fill in the blank 546851fde010fce_11 South Region fill in the blank 546851fde010fce_12 fill in the blank 546851fde010fce_13 fill in the blank 546851fde010fce_14 Total fill in the blank 546851fde010fce_15 $fill in the blank 546851fde010fce_16 Total revenue from sales $fill in the blank 546851fde010fce_17 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 fill in the blank 36a1c7fda00a02a_2 fill in the blank 36a1c7fda00a02a_3 fill in the blank 36a1c7fda00a02a_5 fill in the blank 36a1c7fda00a02a_6 Total units available fill in the blank 36a1c7fda00a02a_7 fill in the blank 36a1c7fda00a02a_8 fill in the blank 36a1c7fda00a02a_10 fill in the blank 36a1c7fda00a02a_11 Total units to be produced fill in the blank 36a1c7fda00a02a_12 fill in the blank 36a1c7fda00a02a_13 Depreciation Direct labor Estimated inventory, June 1 Expected units to be sold Supervisor salaries
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
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.
Question
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 | 230 | 57 | |
| Desired inventory (units), June 30 | 264 | 50 | |
| Expected sales volume (units): | |||
| Midwest Region | 2,100 | 1,850 | |
| South Region | 5,450 | 4,750 | |
| Unit sales price | $145 | $190 |
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 | fill in the blank 546851fde010fce_1 | $fill in the blank 546851fde010fce_2 | $fill in the blank 546851fde010fce_3 |
| South Region | fill in the blank 546851fde010fce_4 | fill in the blank 546851fde010fce_5 | fill in the blank 546851fde010fce_6 |
| Total | fill in the blank 546851fde010fce_7 | $fill in the blank 546851fde010fce_8 | |
| Model: Thunder | |||
| Midwest Region | fill in the blank 546851fde010fce_9 | $fill in the blank 546851fde010fce_10 | $fill in the blank 546851fde010fce_11 |
| South Region | fill in the blank 546851fde010fce_12 | fill in the blank 546851fde010fce_13 | fill in the blank 546851fde010fce_14 |
| Total | fill in the blank 546851fde010fce_15 | $fill in the blank 546851fde010fce_16 | |
| Total revenue from sales | $fill in the blank 546851fde010fce_17 |
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 | |
| fill in the blank 36a1c7fda00a02a_2 | fill in the blank 36a1c7fda00a02a_3 | |
| fill in the blank 36a1c7fda00a02a_5 | fill in the blank 36a1c7fda00a02a_6 | |
| Total units available | fill in the blank 36a1c7fda00a02a_7 | fill in the blank 36a1c7fda00a02a_8 |
| fill in the blank 36a1c7fda00a02a_10 | fill in the blank 36a1c7fda00a02a_11 | |
| Total units to be produced | fill in the blank 36a1c7fda00a02a_12 |
fill in the blank 36a1c7fda00a02a_13 |
Depreciation - Direct labor
- Estimated inventory, June 1
- Expected units to be sold
- Supervisor salaries
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