Harmony Audio Company manufactures two models of speakers, DL and XL. Based on t
ID: 2407028 • Letter: H
Question
Harmony Audio Company manufactures two models of speakers, DL and XL. Based on the following production and sales data for September, prepare (a) a sales budget and (b) a production budget. Enter all amounts as positive numbers.
a. Prepare a sales budget. Enter all amounts as positive numbers.
Harmony Audio Company
Sales Budget
For the Month Ending September 30
Product and Area
Unit Sales Volume
Unit Sales Price
Total Sales
Model DL:
East Region
$
$
West Region
Total
$
Model XL:
East Region
$
$
West Region
Total
$
Total revenue from sales
$
b. Prepare a production budget. Enter all amounts as positive numbers.
Harmony Audio Company
Production Budget
For the Month Ending September 30
Model DL
Model XL
Expected units to be sold
Total
Total units to be produced
DL XL Estimated inventory (units), September 1 251 68 Desired inventory (units), September 30 289 59 Expected sales volume (units): East Region 2,650 2,950 West Region 5,600 4,850 Unit sales price $110 $205
Explanation / Answer
Answers
Sales Budget
For the Month Ending September 30
Product and Area
Unit Sales Volume
Unit Sales Price
Total Sales
[A]
[B]
[A x B]
Model DL:
East Region
2650
$ 110.00
$ 2,91,500.00
West Region
5600
$ 110.00
$ 6,16,000.00
Total (A)
8250
$ 9,07,500.00
Model XL:
East Region
2950
$ 205.00
$ 6,04,750.00
West Region
4850
$ 205.00
$ 9,94,250.00
Total (A)
7800
$ 15,99,000.00
Total revenue from sales (A + B)
$ 25,06,500.00
Harmony Audio Company
Production Budget
For the Month Ending September 30
Model DL
Model XL
Expected units to be sold
8250
7800
Add: Desired ending inventory Sept 30
289
59
Total
8539
7859
Less: Beginning Inventory Sept 1
251
68
Total units to be produced
8288
7791
Sales Budget
For the Month Ending September 30
Product and Area
Unit Sales Volume
Unit Sales Price
Total Sales
[A]
[B]
[A x B]
Model DL:
East Region
2650
$ 110.00
$ 2,91,500.00
West Region
5600
$ 110.00
$ 6,16,000.00
Total (A)
8250
$ 9,07,500.00
Model XL:
East Region
2950
$ 205.00
$ 6,04,750.00
West Region
4850
$ 205.00
$ 9,94,250.00
Total (A)
7800
$ 15,99,000.00
Total revenue from sales (A + B)
$ 25,06,500.00
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