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Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the

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): Midwest Region 12,000 3,500 South Region 14,000 4,000 Unit sales price $60 $90 a. Prepare a sales budget.
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stinkbugg310
stinkbugg310
4,7(38 marks)

please see explanation column

Explanation:

                                                        Rumble Thunder

Estimated inventory (units), June 1 750 300

Desired inventory (units), June 30 500 250

Expected sales volume (units):

Midwest Region                           12,000 3,500

South Region                                14,000 4,000

Unit sales price                                 $60 $90

a)               Sonic Inc.  Sales Budget  for June

                        Unit Sales Vol Unit Selling price    Total Sales

Model Rumble:    

Midwest Region   12000      60         $720,000

South Region  14000      60          $840,000

Total  1,560,000

Model Thunder:    

Midwest Region 3500       $90           $315,000

South Region         4000       $90            $360,000

Total  $675,000

Total revenue from sales1,560,000  +$675,000 =$2,235,000

B)               Sonic Inc.  Production budget for June

                                              Units Model Rumble Units 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

Calculation :

Expected units to be sold =12,000  + 14,000 = $26,000

                                               3,500 + 4,000 = $7,500

Total units required=Expected units to be sold+ Desired ending inventory

26000 +500 =$26,500

7,500 +250= $7,750

kahnerp6448
kahnerp6448
4,5(68 marks)

mtv, sling, cbs, fubo, amazon, and a few others

Explanation: hope it helps and thx for the free points

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