Question

1. Sales and A budget of estimated unit production.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	238		64
   Desired inventory (units), June 30	273		56
   Expected sales volume (units):
   Midwest Region	2,600		2,900
   South Region	5,200		4,500
   Unit sales price	$115		$210

   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			$

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   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
   Depreciation Direct labor Estimated inventory, June 1 Expected units to be sold Supervisor salaries
   Depreciation Desired inventory, June 30 Direct labor Estimated inventory, June 1 Supervisor salaries
   Total
   Depreciation Direct labor Estimated inventory, June 1 Expected units to be sold Supervisor salaries
   Total units to be produced

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Answer 1

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	2600	$115	$299000
South Region	5200	115	598000
Total			$897000
Model: Thunder
Midwest Region	2900	$210	$609000
South Region	4500	210	945000
Total			$1554000
Total revenue from sales			$2451000

1. 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
   Expected units to be sold	7800	7400
   Desired inventory, June 30	273	56
   Total	8073	7456
   Estimated inventory, June 1	-238	-64
   Total units to be produced	7835	7392