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

Question

Sales and Production Budgets

Sonic 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:

a. Prepare a sales budget.

b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Rumble Thunder Estimated inventory (units), June 1 251 72 Desired inventory (units), June 30 289 63 Expected sales volume (units): Midwest Region 3,450 3,050 South Region 4,800 5,400 Unit sales price $110 $185

Explanation / Answer

a) Sales budget :

b) Production budget :

Product and Area Unit sale volume Unit selling price Sales revenue Model: Rumble Midwest Region 3450 110 379500 South Region 4800 110 528000 Total 907500 Model: Thunder Midwest Region 3050 185 564250 South Region 5400 185 999000 Total 1563250 Total revenue from sales 2470750

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