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 74 Estimated inventory (units), June 1 Desired inventory (units), June 30 Expected sales volume (units); 271 312 64 Midwest Region South Region 3,050 5,850 $120 3,400 5,100 $205 Urvt sales price a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Model Rumble Midwest Region Total Sales South Region Total m iyemsession Locator ... Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Product and Area Model: Rumble Midwest Region Total Sales 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 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 units available Total units to be produced