Corbett Company manufactures drinking glasses. One unit is a package of eight glasses, which sells...
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Corbett Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $18. Corbett projects sales for April will be 3,000 packages, with sales increasing by 50 packages per month for May, June, and July. On April 1, Corbett has 100 packages on hand but desires to maintain an ending inventory of 20% of the next month's sales. Prepare a sales budget and a production budget for Corbett for April, May, and June. Begin by preparing a sales budget for April, May, and June. Corbett Company Sales Budget April, May, and June April May June Total Budgeted packages to be sold Sales price per package Total sales Now prepare a production budget for April, May, and June. Corbett Company Production Budget April, May, and June April May June Total Plus: Total packages needed Less: Budgeted packages to be produced
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