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2. Using the information in Problem 9-46 (given below) construct an Excel spreadsheet to create a sales budget and a production budget. Use the format

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2. Using the information in Problem 9-46 (given below) construct an Excel spreadsheet to create a sales budget and a production budget. Use the format from your textbook, page 423 and figures 9-3 and 9-4. (20 Points) 9-46. Creating a Sales Budget and Production Budget Using Excel. Review the information for Kitchen Products, Inc., in Exercise 33. Prepare an Excel spreadsheet similar to Figure 9.3 and Figure 9.4 showing Kitchen Product's sales budget and production budget 9-33 Sales and Production Budgets. Kitchen Products, Inc., produces microwave ovens. Unit sales last year, ending December 31, are as follows: First quarter 40,000 Second quarter 50,000 Third quarter 52,000 Fourth quarter 48,000 Unit sales are expected to increase 10 percent this coming year over the same quarter last year. Average sales price per microwave oven will remain at $200. Assume finished goods inventory is maintained at a level equal to 5 percent of the next quarter's sales. Finished goods inventory at the end of the fourth quarter budget period is estimated to be 2,300 units

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