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	245		78
   Desired inventory (units), June 30	282		68
   Expected sales volume (units):
   Midwest Region	2,500		2,800
   South Region	5,550		6,250
   Unit sales price	$145		$215

   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 74485f015fceff1_1	$fill in the blank 74485f015fceff1_2	$fill in the blank 74485f015fceff1_3
   South Region	fill in the blank 74485f015fceff1_4	fill in the blank 74485f015fceff1_5	fill in the blank 74485f015fceff1_6
   Total	fill in the blank 74485f015fceff1_7		$fill in the blank 74485f015fceff1_8
   Model: Thunder
   Midwest Region	fill in the blank 74485f015fceff1_9	$fill in the blank 74485f015fceff1_10	$fill in the blank 74485f015fceff1_11
   South Region	fill in the blank 74485f015fceff1_12	fill in the blank 74485f015fceff1_13	fill in the blank 74485f015fceff1_14
   Total	fill in the blank 74485f015fceff1_15		$fill in the blank 74485f015fceff1_16
   Total revenue from sales			$fill in the blank 74485f015fceff1_17

   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 cba2a1f52050fd6_2	fill in the blank cba2a1f52050fd6_3
   	fill in the blank cba2a1f52050fd6_5	fill in the blank cba2a1f52050fd6_6
   Total units available	fill in the blank cba2a1f52050fd6_7	fill in the blank cba2a1f52050fd6_8
   	fill in the blank cba2a1f52050fd6_10	fill in the blank cba2a1f52050fd6_11
   Total units to be produced	fill in the blank cba2a1f52050fd6_12	fill in the blank cba2a1f52050fd6_13

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