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 1 229 61 Desired Inventory (units), June 30 263 53 Expected sales volume (units): Midwest Region 2,250 2,500 South Region 5,250 4,550 Unit sales price $125 $195 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 South Region Total Model: Thunder Midwest Region South Region Total Model: Thunder Midwest Region South Region Total Total revenue from sales Feedback Once sales quantities are estimated, the expected sales revenue can be determined b. Prepare a production budget. For those boxes 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 v Total units available Estimated Inventory, June 1 Total units to be produced