Sales and Production Budgets Vibrant Inc. manufactures two models of speakers, Rumble and Thunder. Based...
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Accounting
Sales and Production Budgets
Vibrant 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 | 270 | 75 | |
| Desired inventory (units), June 30 | 310 | 65 | |
| Expected sales volume (units): | |||
| North Region | 3,550 | 4,000 | |
| South Region | 5,300 | 4,600 | |
| Unit sales price | $95 | $195 |
Question Content Area
a. Prepare a sales budget.
| Product and Area | Unit Sales Volume | Unit Selling Price | Total Sales |
| Model Rumble: | |||
| North Region | fill in the blank a847ab08efdbfb4_1 | $fill in the blank a847ab08efdbfb4_2 | $fill in the blank a847ab08efdbfb4_3 |
| South Region | fill in the blank a847ab08efdbfb4_4 | fill in the blank a847ab08efdbfb4_5 | fill in the blank a847ab08efdbfb4_6 |
| Total | fill in the blank a847ab08efdbfb4_7 | $fill in the blank a847ab08efdbfb4_8 | |
| Model Thunder: | |||
| North Region | fill in the blank a847ab08efdbfb4_9 | $fill in the blank a847ab08efdbfb4_10 | $fill in the blank a847ab08efdbfb4_11 |
| South Region | fill in the blank a847ab08efdbfb4_12 | fill in the blank a847ab08efdbfb4_13 | fill in the blank a847ab08efdbfb4_14 |
| Total | fill in the blank a847ab08efdbfb4_15 | $fill in the blank a847ab08efdbfb4_16 | |
| Total revenue from sales | $fill in the blank a847ab08efdbfb4_17 |
Question Content Area
b. Prepare a production budget.
| Units Model Rumble | Units Model Thunder | |
| Expected units to be sold | fill in the blank 3024fc02304206a_1 | fill in the blank 3024fc02304206a_2 |
| Less desired inventory, June 30Less estimated inventory, June 1Plus desired inventory, June 30Plus estimated inventory, June 1 | - Select - | - Select - |
| Total units required | fill in the blank 3024fc02304206a_6 | fill in the blank 3024fc02304206a_7 |
| Less desired inventory, June 30Less estimated inventory, June 1Plus desired inventory, June 30Plus estimated inventory, June 1 | - Select - | - Select - |
| Total units to be produced | fill in the blank 3024fc02304206a_11 | fill in the blank 3024fc02304206a_12 |
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