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	264		77
   Desired inventory (units), June 30	303		67
   Expected sales volume (units):
   Midwest Region	3,450		3,050
   South Region	5,200		5,900
   Unit sales price	$125		$190

   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	fill in the blank	$fill in the blank	$fill in the blank
   South Region	fill in the blank	fill in the blank	fill in the blank
   Total	fill in the blank		$fill in the blank
   Model: Thunder
   Midwest Region	fill in the blank	$fill in the blank	$fill in the blank
   South Region	fill in the blank	fill in the blank	fill in the blank
   Total	fill in the blank		$fill in the blank
   Total revenue from sales			$fill in the blank

   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
   	fill in the blank	fill in the blank
   	fill in the blank	fill in the blank
   Total	fill in the blank	fill in the blank
   	fill in the blank	fill in the blank
   Total units to be produced	fill in the blank	fill in the blank