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 1 750   300 Desired inventory (units), June 30 500   250 Expected sales volume (units):       Midwest Region 12,000   3,500 South Region 14,000   4,000 Unit sales price $60   $90 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 66157b067fe0fb1_1 $fill in the blank 66157b067fe0fb1_2 $fill in the blank  South Region fill in the blank 66157b067fe0fb1_4 fill in the blank 66157b067fe0fb1_5 fill in the blank  Total fill in the blank 66157b067fe0fb1_7   $fill in the blank  Model: Thunder       Midwest Region fill in the blank 66157b067fe0fb1_9 $fill in the blank 66157b067fe0fb1_10 $fill in the blank  South Region fill in the blank 66157b067fe0fb1_12 fill in the blank 66157b067fe0fb1_13 fill in the blank  Total fill in the blank 66157b067fe0fb1_15   $fill in the blank  Total revenue from sales     $fill in the blank   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   - Select - - Select -   - Select - - Select - Total units available fill in the blank  fill in the blank    - Select - - Select - Total units to be produced fill in the blank  fill in the blank

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Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.