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 1 306 Desired inventory (units), June 30 352 Expected sales volume (units): Midwest Region 4,300 4,800 South Region 5,750 5,000 Unit sales price 85 74 $105 $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 Model: Rumble Midwest Region South Region Total Sales B Total Model: Thunder Midwest Region South Region Total 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 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 3 Total units to be produced