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 1 284 71 327 62 Desired inventory (units), June 30 Expected sales volume (units): Midwest Region South Region Unit sales price 4,200 3,700 5,150 4,500 $110 $225 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 Total Model: Thunder 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 ILI DI IO DO Midwest Region B 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 Total units to be produced Direct Materials Purchases Budget Romano's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 15,100 21,600 There are three direct materials used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 12" Pizza 16" Pizza Direct materials: Dough 0.90 lb. per unit 1.50 lbs. per unit Tomato 0.60 1.00 Cheese 0.80 1.30 In addition, Romano's has determined the following information about each material: Dough Tomato Cheese 620 lbs. 230 lbs. 280 lbs. Estimated Inventory, September 1 Desired Inventory, September 30 Price per pound 650 lbs. 220 lbs. 310 lbs. $1.30 $2.60 $3.10 Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. In addition, Romano's has determined the following information about each material: Dough Tomato Cheese Estimated Inventory, September 1 620 lbs. 230 lbs. 280 lbs. Desired Inventory, September 30 650 lbs. 220 lbs. 310 lbs. Price per pound $1.30 $2.60 $3.10 Prepare September's direct materials purchases budget for Romano's Frozen Pizza Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Romano's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato Cheese Total Units required for production: 12" pizza > 16" pizza Total units available binom III. Total units to be purchased Unit Price Total direct materials to be purchased