Sales and Production Budgets Sonic Inc. manufactures two medels of speakers, Rum

Question

Sales and Production Budgets Sonic Inc. manufactures two medels of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (o) a sales budget and (b) a production budget Estimated inventory (units), June 1 750 Desired inventory (units), June 30 500 Expected sales volume (unts) Rumble Thunder 300 250 East Region West Region Unit sales price 12,000 3,500 14,000 4,000 $160 $200 a. Prepare a sales budget. SONIC INC Sales Budget For the Month Ending June 30 Unit Unit Sales Selling Total Volume PriceSales Product and Area Model Rumble West Region Total

Explanation / Answer

Answer a SONIC INC. Sales Budget For the month ending June 30 Units sales volume Unit selling price Total sales Product and Area Model Rumble East Region 12000 $160.00 $1,920,000.00 West Region 14000 $160.00 $2,240,000.00 Total 26000 $4,160,000.00 Model Thunder East Region 3500 $200.00 $700,000.00 West Region 4000 $200.00 $800,000.00 Total 7500 $1,500,000.00 Total Revenue from Sales $5,660,000.00 Answer b SONIC INC. Production Budget For the month ending June 30 Units model Rumble Units model Thunder Expected units to be sold 26000 7500 Add : Desired Inventory (units) June 30 500 250 Total Units required 26500 7750 Less : Estimated Inventory (units),June 1 750 300 Total Units to be produced 25750 7450

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