Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the
ID: 2406419 • Letter: S
Question
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 1 262 76 Desired inventory (units), June 30 301 66 Expected sales volume (units): Midwest Region 3,800 3,350 South Region 4,800 5,400 Unit sales price $140 $195Explanation / Answer
Answers
Sonic Inc.
Sales Budget
For the Month Ending June 30
Product and Area
Unit Sales Volume
Unit Selling Price
Total Sales
Model: Rumble
Midwest Region
3,800
$ 140.00
$ 532,000.00
South Region
4,800
$ 140.00
$ 672,000.00
Total
8,600
$ 1,204,000.00
Model: Thunder
Midwest Region
3,350
$ 195.00
$ 653,250.00
South Region
5,400
$ 195.00
$ 1,053,000.00
Total
8,750
$ 1,706,250.00
Total revenue from sales
$ 2,910,250.00
Sonic Inc.
Production Budget
For the Month Ending June 30
Units Rumble
Units Thunder
Budgeted Sales units
8,600
8,750
Desired Inventory June 30
301
66
Total
8,901
8,816
Estimated Inventory June 1
(262)
(76)
Total units to be produced
8,639
8,740
Sonic Inc.
Sales Budget
For the Month Ending June 30
Product and Area
Unit Sales Volume
Unit Selling Price
Total Sales
Model: Rumble
Midwest Region
3,800
$ 140.00
$ 532,000.00
South Region
4,800
$ 140.00
$ 672,000.00
Total
8,600
$ 1,204,000.00
Model: Thunder
Midwest Region
3,350
$ 195.00
$ 653,250.00
South Region
5,400
$ 195.00
$ 1,053,000.00
Total
8,750
$ 1,706,250.00
Total revenue from sales
$ 2,910,250.00
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