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.

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Once sales quantities are estimated, the expected sales revenue can be determined.

b. Prepare a production budget.

Rumble Thunder Estimated inventory (units), June 1 292 85 Desired inventory (units), June 30 336 74 Expected sales volume (units): East Region 4,300 3,800 West Region 5,300 6,000 Unit sales price $105 $195

Explanation / Answer

1)

sales Budget

for the month ending June 30

2)

sales Budget

for the month ending June 30

product and area Unit sales volume unit selling price Total sales Model Rumble East region 4300 105 451500 west region 5300 105 556500 Total 9600 105 1008000 Model Thunder Eat region 3800 195 741000 west region 6000 195 1170000 Total 9800 195 1911000 Total revenue from sales 2919000

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