6. 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 ThunderEstimated inventory (units), June 1262 72Desired inventory (units), June 30301 63Expected sales volume (units): East Region3,550 4,000West Region5,050 4,400Unit sales price$125 $225a. Prepare a sales budget. Sonic Inc.Sales BudgetFor the Month Ending June 30UnitUnitTotalSalesSellingSalesVolumePriceProduct and AreaModel Rumble:East RegionWest RegionTotalModel Thunder:East RegionWest RegionTotalTotal revenue from salesb. Prepare a production budget.%24%24%24%24%24 b. Prepare a production budget.Sonic Inc.Production BudgetFor the Month Ending June 30Units Model Rumble Units Model ThunderExpected units to be soldTotal units requiredTotal units to be produced

a. Sonic Inc. Sales Budget For the month ended June 30 Unit sales Volume Unit selling…

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 1 262 72 Desired inventory (units), June 30 301 63 Expected sales volume (units): East Region 3,550 4,000 West Region 5,050 4,400 Unit sales price $125 $225

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 1 262 72 Desired inventory (units), June 30 301 63 Expected sales volume (units): East Region 3,550 4,000 West Region 5,050 4,400 Unit sales price $125 $225

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter22: Budgeting

Section: Chapter Questions

Problem 2PA: Sales, production, direct materials purchases, and direct labor cost budgets The budget director of...

See similar textbooks

Similar questions

Sales, production, direct materials purchases, and direct labor cost budgets The budget director of Gourmet Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning sales and production for July is summarized as follows: Estimated sales for July by sales territory: Estimated inventories at July 1: Desired inventories at July 31: Direct materials used in production: Anticipated purchase price for direct materials: Direct labor requirements: Instructions Prepare a sales budget for July. Prepare a production budget for July. Prepare a direct materials purchases budget for July. Prepare a direct labor cost budget for July.
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 Desired inventory (units), June 30 Expected sales volume (units): North Region South Region Unit sales price a. Prepare a sales budget. Vibrant Inc. Sales Budget For the Month Ending June 30 Product and Area Model Rumble: North Region South Region Total Model Thunder: Unit Sales Volume Unit Selling Price 278 320 4,300 4,850 $130 Total Sales 69 60 3,800 4,200 $210
Franklin Products Limited manufactures and distributes a number of products to retailers. One of these products, SuperStick, requires five kilograms of material D236 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter-July, August, and September. Peak sales of SuperStick occur in the third quarter of each year. To keep production and shipments moving smoothly, the company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must be equal to 9,000 units plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 23,200 units. b. The raw materials inventory on hand at the end of each month must be equal to 40% of the following month's production needs for raw materials. The raw materials inventory on June 30 for material D236 is budgeted to be 133,000 kilograms. c. The company maintains no work in process inventories. A sales budget for SuperStick for…
EX.22-06 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. Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): East Region West Region Unit sales price Rumble 262 301 2,700 5,900 $140 Thunder 66 57 2,400 5,150 $205
Prepare Bates & Hill's sales budget for the first quarter of the coming year. January February March Quarter Budgeted units sold enter a number of units enter a number of units enter a number of units enter a number of units Budgeted sales price $enter a dollar amount $enter a dollar amount $enter a dollar amount $enter a dollar amount Budgeted revenue $enter a total amount $enter a total amount $enter a total amount $enter a total amount Bates & Hill Fabricators produces commemorative bricks that organizations use for fundraising projects. Aaron Bates, the company's vice president of marketing, has prepared the following sales forecast for the first six months of the coming year. The company plans to sell the bricks for $21 each. January February March April May June 25,000 28,000 32,000 34,000 26,000 35,000
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: Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): Midwest Region South Region Unit sales price a. Prepare a sales budget. Midwest Region South Region Total Model: Thunder Midwest Region South Region Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble Total Total revenue from sales Rumble Thunder $ Total units available Total units to be produced 258 296 3,450 5,000 $115 Sonic Inc. Production Budget For the Month Ending June 30 75 65 b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. 3,050 5,650 $225 Units Rumble Units Thunder $
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: Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): Midwest Region South Region Unit sales price a. Prepare a sales budget. Product and Area Model: Rumble Midwest Region South Region Total Model: Thunder Midwest Region South Region Total Total revenue from sales Feedback. Check My Work Expected units to be sold ✓ Desired inventory, June 30 ✔ Rumble Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Total units available Estimated inventory, June 1 750 Total units to be produced 500 12,000 14,000 $60 Thunder 300 250 3,500 4,000 $90 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…
Forecast Sales Volume and Sales Budget For 20Y8, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y8, the following unit sales data were reported for the year: 8" x 10" Unit Sales 12" x 16" Frame Frame East 19,635 11,978 Central 4,635 3,136 West 3,977 2,369 Product and Area 8" x 10" Frame: East Central West Total Raphael Frame Company Sales Budget For the Year Ending December 31, 20Y8 Unit Sales Volume Unit Selling Price Total Sales 18,700 $14 $261,800 4,500 14 63,000 4,100 14 57,400 27,300 $382,200 12" x 16" Frame: East Central 11,300 3,200 $29 $327,700 29 West Total Total revenue from sales 2,300 16,800 29 92,800 66,700 $487,200 $869,400 For the year ending December 31, 20Y9, unit sales are expected to follow the patterns established during the year ending December 31, 20Y8. The unit selling price for the 8" x 10" frame is expected to increase to $15 and the unit selling price for the 12" frame is expected to increase to $31, effective January 1,…
Greiner Company makes and sells high-quality glare filters for microcomputer monitors. John Craven, controller, is responsible for preparing Greiner's master budget and has assembled the following data for the coming year. The direct labor rate includes wages, all employee- related benefits, and the employer's share of FICA. Labor saving machinery will be fully operational by March. Also, as of March 1, the company's union contract calls for an increase in direct labor wages that is included in the direct labor rate. Greiner expects to have 5,600 glare filters in inventory on December 31 of the current year, and has a policy of carrying 35 percent of the following month's projected sales in inventory. Information on the first four months of the coming year is as follows: January February March April Estimated unit sales 35,800 35,600 39,800 40,800 Sales price per unit $83 $83 $75 $75 Direct labor hours per unit 2.80 2.80 2.50 2.50 Direct labor hourly rate $17 $17 $18 $18 Direct…
Forecast Sales Volume and Sales Budget For 20Y6, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y6, the following unit sales data were reported for the year: Unit Sales 8" × 10" Frame 12" × 16"Frame East 29,664 14,144 Central 7,272 3,822 West 6,402 2,958 Raphael Frame CompanySales BudgetFor the Year Ending December 31, 20Y6 Product and Area Unit SalesVolume Unit SellingPrice Total Sales 8" × 10" Frame: East 28,800 $20 $576,000 Central 7,200 20 144,000 West 6,600 20 132,000 Total 42,600 $852,000 12" × 16" Frame: East 13,600 $35 $476,000 Central 3,900 35 136,500 West 2,900 35 101,500 Total 20,400 $714,000 Total revenue from sales $1,566,000 For the year ending December 31, 20Y7, unit sales are expected to follow the patterns established during the year ending December 31, 20Y6. The unit selling price for…
Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular model is the All Weather and requires four separate XL12 components per unit. The company is now planning raw material needs for the second quarter. Sales of the All Weather are the highest in the second quarter of each year as customers prepare for the summer season. The company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must be equal to 15,700 units plus 10% of the next month's sales. The finished goods inventory on March 31 is budgeted to be 28,600 units. b. The raw materials inventory on hand at the end of each month must be equal to 20% of the following month's production needs for raw materials. The raw materials inventory on March 31 for XL 12 is budgeted to be 97,600 components. c. The company maintains no work in process inventories. A sales budget for the All Weather speaker is as follows: April May June July…
Forecast Sales Volume and Sales Budget For 20Y6, Raphael Frame Company prepared the sales budget that follows. At the end of December 20Y6, the following unit sales data were reported for the year: Unit Sales 8" × 10"Frame 12" × 16"Frame East 27,707 11,336 Central 7,373 3,332 West 6,499 2,575 Raphael Frame CompanySales BudgetFor the Year Ending December 31, 20Y6 Product and Area Unit SalesVolume Unit SellingPrice Total Sales 8" × 10" Frame: East 26,900 $31 $833,900 Central 7,300 31 226,300 West 6,700 31 207,700 Total 40,900 $1,267,900 12" × 16" Frame: East 10,900 $46 $501,400 Central 3,400 46 156,400 West 2,500 46 115,000 Total 16,800 $772,800 Total revenue from sales $2,040,700 For the year ending December 31, 20Y7, unit sales are expected to follow the patterns established during the year ending December 31, 20Y6. The unit selling price for…

SEE MORE QUESTIONS

Recommended textbooks for you

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS

GET THE APP

About FAQ Academic Integrity Sitemap Document Sitemap

Contact Bartleby Contact Research (Essays)High School Textbooks Literature Guides Concept Explainers by Subject Essay Help Mobile App

GET THE APP

Privacy

Your CA Privacy Rights

Your NV Privacy Rights

About Ads

Manage My Data

bartleby, a Learneo, Inc. business

	Rumble	Thunder
Estimated inventory (units), June 1	262	72
Desired inventory (units), June 30	301	63
Expected sales volume (units):
East Region	3,550	4,000
West Region	5,050	4,400
Unit sales price	$125	$225