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#1 Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder....

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Accounting

#1

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:

Rumble Thunder
Estimated inventory (units), June 1 282 90
Desired inventory (units), June 30 324 78
Expected sales volume (units):
Midwest Region 4,300 4,800
South Region 4,950 5,600
Unit sales price $130 $195

a. Prepare a sales budget.

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 $ $
South Region
Total $
Model: Thunder
Midwest Region $ $
South Region
Total $
Total revenue from sales $

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

Sonic Inc.
Production Budget
For the Month Ending June 30
Units Rumble Units Thunder
Total
Total units to be produced

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