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 (6) a sales budget and (b) a production budget: Rumble Thunder 300 750 500 250 Estimated Inventory (units), June 1 Desired Inventory (units), June 30 Expected sales volume (units): Midwest Region South Region Unit sales price 12,000 14,000 $60 3,500 4,000 $90 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 12,000 Total Sales 720.000 South Region 14.000 10.000 Total 26,000 1.560.000 V THI 8. 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 12,000 720,000 South Region 10 840,000 Total 26,000 $1,560,000 Model: Thunder Midwest Region 3,500 315,000 South Region 4,000 V 360,000 Total 7,500 675,000 $2,235,000 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 26,000 7,500 Desired Inventory, June 30 500 250 26,500 7.750 Total units available Estimated Inventory, June 1 Total units to be produced 25,750 7,450