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Bright Light Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. (Click the
Bright Light Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. (Click the icon to view the information for the two products.) Calculate the revenues budget (label it Schedule 1) and the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by calculating the revenues budget (label it Schedule 1) for the year ending December 31, 2020. Schedule 1: Revenues Budget for the Year Ending December 31, 2020 Units Selling price Total revenues Knox Ayer Total Now calculate the production budget in units (label it Schedule 2) for the year ending December 31, 2020. Begin by selecting the labels, then enter the amounts. Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2020 Data table Knox Ayer Product Knox Ayer Expected sales in units 17,800 15,000 Selling price 28 $ 45 Target ending inventory in units 2,500 1,500 Beginning inventory in units 3,300 1,500 Print Done - X
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