1. 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	262		77
   Desired inventory (units), June 30	301		67
   Expected sales volume (units):
   Midwest Region	3,150		2,750
   South Region	5,450		6,150
   Unit sales price	$145		$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
   Total
   Total units to be produced