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 1 259 71 Desired inventory (units), June 30 298 62 Expected sales volume (units): Midwest Region 3,300 3,700 South Region 5,200 4,500 Unit sales price $125 $225 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Product and Area Total Sales Model: Rumble Midwest Region South Region Total $ Model: Thunder Midwest Region Midwest Region 3,300 3,700 South Region 5,200 4,500 Unit sales price $125 $225 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Total Sales Product and Area Model: Rumble Midwest Region South Region Total $ Model: Thunder Midwest Region $ South Region Total $ Total revenue from sales $ Feedback Check My Work Once sales quantities are estimated, the expected sales revenue can be determined. Check My Work Once sales quantities are estimated, the expected sales revenue can be determined. Learning Objective 4. 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 Expected units to be sold Units Thunder Desired inventory, June 30 Total Estimated inventory, June 1 Total units to be produced Feedback Check My Work Remember to take into account expected units to be sold plus desired units in ending inventory less estimated units beginning inventory when calculating total units to be produced. Learning Objective 4