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
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
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
Question Content Area
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.
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
Question Content Area
b. Prepare a production budget.
| 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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