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 282 90 324 78 Estimated Inventory (units), June 1 Desired Inventory (units), June 30 Expected sales volume (units): Midwest Region South Region Unit sales price 4,050 4,550 5,200 5,900 $110 $215 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 Il n) 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 Expected units to be sold Desired Inventory, June 30 Total units available Estimated Inventory, June 1 Total units to be produced