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 1 244   66 Desired inventory (units), June 30 280   57 Expected sales volume (units):       North Region 2,350   2,650 South Region 5,650   4,900 Unit sales price $140   $195 Question Content Area a.  Prepare a sales budget. Vibrant Inc.Sales BudgetFor the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model Rumble:       North Region fill in the blank 77b7680b2044038_1 $fill in the blank 77b7680b2044038_2 $fill in the blank 77b7680b2044038_3 South Region fill in the blank 77b7680b2044038_4 fill in the blank 77b7680b2044038_5 fill in the blank 77b7680b2044038_6 Total fill in the blank 77b7680b2044038_7   $fill in the blank 77b7680b2044038_8 Model Thunder:       North Region fill in the blank 77b7680b2044038_9 $fill in the blank 77b7680b2044038_10 $fill in the blank 77b7680b2044038_11 South Region fill in the blank 77b7680b2044038_12 fill in the blank 77b7680b2044038_13 fill in the blank 77b7680b2044038_14 Total fill in the blank 77b7680b2044038_15   $fill in the blank 77b7680b2044038_16 Total revenue from sales     $fill in the blank 77b7680b2044038_17   Feedback Area     Feedback Question Content Area b.   Prepare a production budget. Vibrant Inc.Production BudgetFor the Month Ending June 30   Units Model Rumble Units Model Thunder Expected units to be sold fill in the blank 77052a07efaafb8_1 fill in the blank 77052a07efaafb8_2   Plus desired inventory, June 30 Plus desired inventory, June 30 Total units required fill in the blank 77052a07efaafb8_6 fill in the blank 77052a07efaafb8_7   Less estimated inventory, June 1 Less estimated inventory, June 1 Total units to be produced fill in the blank 77052a07efaafb8_11 fill in the blank 77052a07efaafb8_12

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sales and Production Budgets

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 1 244   66
Desired inventory (units), June 30 280   57
Expected sales volume (units):      
North Region 2,350   2,650
South Region 5,650   4,900
Unit sales price $140   $195

Question Content Area

a.  Prepare a sales budget.

Vibrant Inc.Sales BudgetFor the Month Ending June 30



Product and Area
Unit
Sales
Volume
Unit
Selling
Price
Total
Sales
Model Rumble:      
North Region fill in the blank 77b7680b2044038_1 $fill in the blank 77b7680b2044038_2 $fill in the blank 77b7680b2044038_3
South Region fill in the blank 77b7680b2044038_4 fill in the blank 77b7680b2044038_5 fill in the blank 77b7680b2044038_6
Total fill in the blank 77b7680b2044038_7   $fill in the blank 77b7680b2044038_8
Model Thunder:      
North Region fill in the blank 77b7680b2044038_9 $fill in the blank 77b7680b2044038_10 $fill in the blank 77b7680b2044038_11
South Region fill in the blank 77b7680b2044038_12 fill in the blank 77b7680b2044038_13 fill in the blank 77b7680b2044038_14
Total fill in the blank 77b7680b2044038_15   $fill in the blank 77b7680b2044038_16
Total revenue from sales     $fill in the blank 77b7680b2044038_17
 

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Question Content Area

b.   Prepare a production budget.

Vibrant Inc.Production BudgetFor the Month Ending June 30
  Units
Model
Rumble
Units
Model
Thunder
Expected units to be sold fill in the blank 77052a07efaafb8_1 fill in the blank 77052a07efaafb8_2
 
Plus desired inventory, June 30 Plus desired inventory, June 30
Total units required fill in the blank 77052a07efaafb8_6 fill in the blank 77052a07efaafb8_7
 
Less estimated inventory, June 1 Less estimated inventory, June 1
Total units to be produced fill in the blank 77052a07efaafb8_11 fill in the blank 77052a07efaafb8_12
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