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 1 244   66 Desired inventory (units), June 30 280   57 Expected sales volume (units):       North Region 2,350   2,650 South Region 5,650   4,900 Unit sales price $140   $195 Question Content Area a.  Prepare a sales budget. Vibrant Inc.Sales BudgetFor the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model Rumble:       North Region fill in the blank 77b7680b2044038_1 $fill in the blank 77b7680b2044038_2 $fill in the blank 77b7680b2044038_3 South Region fill in the blank 77b7680b2044038_4 fill in the blank 77b7680b2044038_5 fill in the blank 77b7680b2044038_6 Total fill in the blank 77b7680b2044038_7   $fill in the blank 77b7680b2044038_8 Model Thunder:       North Region fill in the blank 77b7680b2044038_9 $fill in the blank 77b7680b2044038_10 $fill in the blank 77b7680b2044038_11 South Region fill in the blank 77b7680b2044038_12 fill in the blank 77b7680b2044038_13 fill in the blank 77b7680b2044038_14 Total fill in the blank 77b7680b2044038_15   $fill in the blank 77b7680b2044038_16 Total revenue from sales     $fill in the blank 77b7680b2044038_17   Feedback Area     Feedback Question Content Area b.   Prepare a production budget. Vibrant Inc.Production BudgetFor the Month Ending June 30   Units Model Rumble Units Model Thunder Expected units to be sold fill in the blank 77052a07efaafb8_1 fill in the blank 77052a07efaafb8_2   Plus desired inventory, June 30 Plus desired inventory, June 30 Total units required fill in the blank 77052a07efaafb8_6 fill in the blank 77052a07efaafb8_7   Less estimated inventory, June 1 Less estimated inventory, June 1 Total units to be produced fill in the blank 77052a07efaafb8_11 fill in the blank 77052a07efaafb8_12

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Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.