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 2014, prepare (a) a sales budget and (b) a production budget.

DL XL Estimated inventory (units), September 1 292 72 Desired inventory (units), September 30 336 63 Expected sales volume (units): East Region 4,400 3,850 West Region 5,200 4,500 Unit sales price $110 $220 a. Prepare a sales budget. Harmony Audio Company Sales Budget For the Month Ending September 30, 2014 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model DL: East Region West Region Total Model XL: East Region West Region Total Total revenue from sales Hide b. Prepare a production budget Harmony Audio Company Production Budget For the Month Ending September 30, 2014 Units Model DL Units Model XL Expected units to be sold Plus desired inventory, September 30, 2014 Total Less estimated inventory, September 1, 2014 Total units to be produced

Explanation / Answer

Answer:

A) Sales Budget

B) Production Budget

Harmony Audio Company Sales Budget For the Month Ending September 30, 2014 Product and Area: Unit Sales Volume Unit Selling Price Total Sales Model DL: East Region 4,400 $110 $484,000 West Region 5,200 $110 $572,000 Total 9,600 $1,056,000 Model XL: East Region 3,850 $220 $847,000 West Region 4,500 $220 $990,000 Total 8,350 $1,837,000 Total Revenue from Sales $2,893,000

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