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:

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	280		69
Desired inventory (units), June 30	322		60
Expected sales volume (units):
Midwest Region	4,400		3,850
South Region	4,800		4,200
Unit sales price	$140		$210

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 85e1eafb8041017_1	$fill in the blank 85e1eafb8041017_2	$fill in the blank 85e1eafb8041017_3
South Region	fill in the blank 85e1eafb8041017_4	fill in the blank 85e1eafb8041017_5	fill in the blank 85e1eafb8041017_6
Total	fill in the blank 85e1eafb8041017_7		$fill in the blank 85e1eafb8041017_8
Model: Thunder
Midwest Region	fill in the blank 85e1eafb8041017_9	$fill in the blank 85e1eafb8041017_10	$fill in the blank 85e1eafb8041017_11
South Region	fill in the blank 85e1eafb8041017_12	fill in the blank 85e1eafb8041017_13	fill in the blank 85e1eafb8041017_14
Total	fill in the blank 85e1eafb8041017_15		$fill in the blank 85e1eafb8041017_16
Total revenue from sales			$fill in the blank 85e1eafb8041017_17

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Once sales quantities are estimated, the expected sales revenue can be determined.

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	fill in the blank 6e6176f6afb5ff4_2	fill in the blank 6e6176f6afb5ff4_3
Desired inventory, June 30	fill in the blank 6e6176f6afb5ff4_5	fill in the blank 6e6176f6afb5ff4_6
Total units available	fill in the blank 6e6176f6afb5ff4_7	fill in the blank 6e6176f6afb5ff4_8
Estimated inventory, June 1	fill in the blank 6e6176f6afb5ff4_10	fill in the blank 6e6176f6afb5ff4_11
Total units to be produced	fill in the blank 6e6176f6afb5ff4_12	fill in the blank 6e6176f6afb5ff4_13

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 85e1eafb8041017_1	$fill in the blank 85e1eafb8041017_2	$fill in the blank 85e1eafb8041017_3
South Region	fill in the blank 85e1eafb8041017_4	fill in the blank 85e1eafb8041017_5	fill in the blank 85e1eafb8041017_6
Total	fill in the blank 85e1eafb8041017_7		$fill in the blank 85e1eafb8041017_8
Model: Thunder
Midwest Region	fill in the blank 85e1eafb8041017_9	$fill in the blank 85e1eafb8041017_10	$fill in the blank 85e1eafb8041017_11
South Region	fill in the blank 85e1eafb8041017_12	fill in the blank 85e1eafb8041017_13	fill in the blank 85e1eafb8041017_14
Total	fill in the blank 85e1eafb8041017_15		$fill in the blank 85e1eafb8041017_16
Total revenue from sales			$fill in the blank 85e1eafb8041017_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 6e6176f6afb5ff4_2	fill in the blank 6e6176f6afb5ff4_3
	fill in the blank 6e6176f6afb5ff4_5	fill in the blank 6e6176f6afb5ff4_6
Total units available	fill in the blank 6e6176f6afb5ff4_7	fill in the blank 6e6176f6afb5ff4_8
	fill in the blank 6e6176f6afb5ff4_10	fill in the blank 6e6176f6afb5ff4_11
Total units to be produced	fill in the blank 6e6176f6afb5ff4_12	fill in the blank 6e6176f6afb5ff4_13