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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	225		68
   Desired inventory (units), June 30	259		59
   Expected sales volume (units):
   Midwest Region	2,100		1,850
   South Region	5,300		6,000
   Unit sales price	$115		$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 e7e607026ff500f_1	$fill in the blank e7e607026ff500f_2	$fill in the blank e7e607026ff500f_3
   South Region	fill in the blank e7e607026ff500f_4	fill in the blank e7e607026ff500f_5	fill in the blank e7e607026ff500f_6
   Total	fill in the blank e7e607026ff500f_7		$fill in the blank e7e607026ff500f_8
   Model: Thunder
   Midwest Region	fill in the blank e7e607026ff500f_9	$fill in the blank e7e607026ff500f_10	$fill in the blank e7e607026ff500f_11
   South Region	fill in the blank e7e607026ff500f_12	fill in the blank e7e607026ff500f_13	fill in the blank e7e607026ff500f_14
   Total	fill in the blank e7e607026ff500f_15		$fill in the blank e7e607026ff500f_16
   Total revenue from sales			$fill in the blank e7e607026ff500f_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 38182b09efe6fc8_2	fill in the blank 38182b09efe6fc8_3
   	fill in the blank 38182b09efe6fc8_5	fill in the blank 38182b09efe6fc8_6
   Total units available	fill in the blank 38182b09efe6fc8_7	fill in the blank 38182b09efe6fc8_8
   	fill in the blank 38182b09efe6fc8_10	fill in the blank 38182b09efe6fc8_11
   Total units to be produced	fill in the blank 38182b09efe6fc8_12	fill in the blank 38182b09efe6fc8_13

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