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 1 276   89 Desired inventory (units), June 30 317   77 Expected sales volume (units):       Midwest Region 3,400   3,800 South Region 5,650   6,400 Unit sales price $130   $185 Question Content Area a.  Prepare a sales budget. Sonic Inc.Sales BudgetFor the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Total Sales Model: Rumble       Midwest Region fill in the blank 7e72690b6ff5f8b_1 $fill in the blank 7e72690b6ff5f8b_2 $fill in the blank 7e72690b6ff5f8b_3 South Region fill in the blank 7e72690b6ff5f8b_4 fill in the blank 7e72690b6ff5f8b_5 fill in the blank 7e72690b6ff5f8b_6 Total fill in the blank 7e72690b6ff5f8b_7   $fill in the blank 7e72690b6ff5f8b_8 Model: Thunder       Midwest Region fill in the blank 7e72690b6ff5f8b_9 $fill in the blank 7e72690b6ff5f8b_10 $fill in the blank 7e72690b6ff5f8b_11 South Region fill in the blank 7e72690b6ff5f8b_12 fill in the blank 7e72690b6ff5f8b_13 fill in the blank 7e72690b6ff5f8b_14 Total fill in the blank 7e72690b6ff5f8b_15   $fill in the blank 7e72690b6ff5f8b_16 Total revenue from sales     $fill in the blank 7e72690b6ff5f8b_17   Feedback Area   Feedback   Once sales quantities are estimated, the expected sales revenue can be determined. Question Content Area b.   Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Sonic Inc.Production BudgetFor the Month Ending June 30   Units Rumble Units Thunder   Expected units to be sold Expected units to be sold   Desired inventory, June 30 Desired inventory, June 30 Total units available fill in the blank 1295fd029f8201f_7 fill in the blank 1295fd029f8201f_8   Estimated inventory, June 1 Estimated inventory, June 1 Total units to be produced fill in the blank 1295fd029f8201f_12 fill in the blank 1295fd029f8201f_13