Business, 06.03.2020 23:28 Jonah58

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 1 750 300
Desired inventory (units), June 30 500 250
Expected sales volume (units):
East Region 12,000 3,500
West Region 14,000 4,000
Unit sales price $160 $200
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:
East Region $ $
West Region
Total $
Model Thunder:
East Region $ $
West Region
Total $
Total revenue from sales $
b. Prepare a production budget.

SONIC INC.
Production Budget
For the Month Ending June 30
Units Model Rumble Units Model Thunder
Expected units to be sold
Total units required
Total units to be produced

Answers: 3

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Answers

Answer from: hdjsjfjruejchhehd

Explanation:

Budgeting is the process of creating a spending plan. This helps you determine whether you will have enough to meet your financial commitments. It is the preparing a budget in order to organize future actions/ plans.

A sales budget is a projection of future sales and expected revenues.

The objective of a sales budget is to plan for and control the expenditure of resources. It is also to achieve the projections and objectives of made by the sales department in order to keep the entity as a profitable going concern.

Sonic Inc

Sales Budget

For the month ending June 30

Details unit sales volumeunit selling price Total sales

Model R: ($) ($)

East region 12, 000 160 1, 920, 000

Wet region 14, 000 160 2, 240, 000

Total 26, 000 4, 160, 000

Model T

East region 3, 500 200 700, 000

West region 4, 000 200 800, 000

Total 7, 500 1, 500, 000

Total revenue from sales 5, 660, 000

A Production budget is prepared in order to show the quantities of units that need to be produced in order to meet the sales and inventory budget.

Sonic Inc

Production Budget

For the month ending June 30

Units Model Rumble Units Model Thunder

Expected units to be sold 26, 000 7, 500

Plus, desired at 30 June 500 250

Total units required 26, 500 7, 750

Less, estimated inventory on 1 June-750 -250

Total units to be produced 25, 750 7, 500

Answer from: KarateKat

Answer and Explanation:

a. Prepare a sales budget.

Unit

Sales

Volume Unit Selling priceTotal Sales

Model Rumble:

East region 12000 160 1920000

West region 14000 160 2240000

Total 4160000

Model Thunder:

East region 3500 200 700000

West region 4000 200 800000

Total 1500000

Total revenue from sales 5660000

b. Prepare a production budget.

Units Model RumbleUnits Model Thunder

Expected units to be sold 26000 7500

Add: Desired ending inventory 500 250

Total units required 26500 7750

Less: Beginning inventory (750) (300)

Total units to be produced 25750 7450

Answer from: Quest

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Answer from: Quest

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Sales and Production Budgets

Sonic Inc. manufactures two models of speakers, Rumble and...

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