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 270 67 Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units): 310 58 Midwest Region 3,500 3,100 South Region 5,350 4,650 Unit sales price $95 $205 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 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 Total units to be produced