Question

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 85 74 Estimated inventory (units), June 1290 Desired inventory (units), June 30 Expected sales volume (units) East Region West Region Unit sales price 3,850 5,650 $100 3,400 6,400 $205 a. Prepare a sales budget. Sonic Inc Sales Budget For the Month Ending June 30 Unit Sales Selling Sales Unit Total Volume Price Product and Area Model Rumble: East Region West Region Total Model Thunder: East Region West Region Total Total revenue from sales

Answer 1

Sonic inc Sales Budget For the month ending June 30 Unit sales Unit selling Volume Total Sales b) Sonic inc Production Budget For the month ending June 30 Price Product and area Model Rumble East region West Region Total Units model Units model 3,850 $ 5,650 100$ 565,000 9,500 100 385,000 Rumble Thunder A Expected units to be sold $ 950,000 $9,500$ 333 $ 9,800 74 B Desired inventory June 30 Model Thunder East region West Region Total 3,400 $ 205$ 697,000 6,400$ 2051,312,000 $ 2,009,000 Total units required (A+B) 9,833 9,874 D Estimated Inventory June 1 E Total units to be produced (C-D) S 290 $ 9,800 85 9,543 $ 9,789 2,959,000 Total Revenue from sales (A+B

ROLLINS AND COHEN CPAs PROFESSIONAL FEE EARNED BUDGET FOR THE YEAR ENDING DECEMBER 31, 2017 TOTAL REVENUE BILLABLE HOURLY HOURS RATE Audit department 43,500 140 $ 6,090,000 6,500 260 $ 1,690,000 $ 7,780,000 Staff Partners Total 50,000 Tax department Staff 32,200 $ 140 S 4,508,000 4,000 $ 260 $ 1,040,000 $ 5,548,000 Partners Total 36,200 Small Business accounting department Staff 5,700 140 $ 798,000 800$ 260$ 208,000 $ 1,006,000 Partners Total 6,500 $ 14,334,000 D Total professional fee earned (A+B+C) PLEASE COMMENT IF YOU HAVE ANY DOUBT