Sales and Production Budgets Harmony Audio Company manufactures two models of sp

Question

Sales and Production Budgets Harmony Audio Company manufactures two models of speakers, DL and XL. Based on the following production and sales data for September 2016 prepare (a) a sales budget and (b) a production budget. Estimated inventory (units), September 1 Desired inventory (units), September 30 Expected sales volume (units): DL XL 274 81 315 70 East Regiorn West Regiorn 3,300 2,900 5,700 6,450 100 $190 Unit sales price a. Prepare a sales budget. Harmony Audio Company Sales Budget For the Month Ending September 30 2016 Product and Area Model DL: Unit Sales Volume Unit Selling Price Total Sales East Region West Region Total Model XL: East Region

Explanation / Answer

a) Harmony Audio Company Sales Budget For the month ending September 30, 2016 Product and Area: Unit sales volume Unit Selling Price Total Sales Model DL: East Region 3,300 $ 100 $   3,30,000 West Region 5,700 $ 100 $   5,70,000 Total 9,000        9,00,000 Model XL: East Region 2,900 $ 190 $   5,51,000 West Region 6,450 $ 190 $ 12,25,500 Total 9,350     17,76,500 Total revenue from sales $ 26,76,500 b) Harmony Audio Company Production Budget For the month ending September 30, 2016 Unit Model DL Unit Model XL Expected Units to be sold                           9,000                         9,350 Plus Desired Ending Inventory, September 30, 2016                              315                               70 Total 9,315 9,420 Less Estimated Inventory, September 1, 2016                              274                               81 Total units to be produced 9,041 9,339

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