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Harmony Audio Company manufactures two models of speakers, DL and XL. Based on the following production...

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Accounting

Harmony Audio Company manufactures two models of speakers, DLand XL. Based on the following production and sales data forSeptember 2016, prepare (a) a sales budget and (b) a productionbudget.

DLXL
Estimated inventory (units), September 125370
Desired inventory (units), September 3029161
Expected sales volume (units):
East Region3,5003,900
West Region4,8004,200
Unit sales price$100$225

a. Prepare a sales budget.

Harmony Audio Company
Sales Budget
For the Month Ending September 30, 2016
Product and AreaUnit Sales VolumeUnit Selling PriceTotal Sales
Model DL:
East Region$$
West Region
Total$
Model XL:
East Region$$
West Region
Total$
Total revenue from sales$

b. Prepare a production budget.

Harmony Audio Company
Production Budget
For the Month Ending September 30, 2016
Units Model DLUnits Model XL
Expected units to be sold
Plus desired inventory, September 30, 2016
Total
Less estimated inventory, September 1, 2016
Total units to be produced

Answer & Explanation Solved by verified expert
3.9 Ratings (731 Votes)

--Requirement 'a'

Harmony Audio Company
Sales Budget
For the Month Ending September 30, 2016
Product and Area Unit Sales Volume Unit Selling Price Total Sales
Model DL:
East Region                    3,500 $100 $350,000
West Region                    4,800 $100 $480,000
Total                    8,300 $830,000
Model XL:
East Region                    3,900 $225 $877,500
West Region                    4,200 $225 $945,000
Total                    8,100 $1,822,500
Total revenue from sales $2,652,500

--Requirment 'b'

Harmony Audio Company
Production Budget
For the Month Ending September 30, 2016
Units Model DL Units Model XL
Expected units to be sold                    8,300                             8,100
Plus desired inventory, September 30, 2016                      291                                  61
Total                    8,591                             8,161
Less estimated inventory, September 1, 2016                      253                                  70
Total units to be produced                    8,338                             8,091

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