Ivanhoe Enterprises is a portable hot tub manufacturer. The company produces both 2-person and 4-person hot tubs. Michael Jones, the company's sales manager, prepared the following sales forecast for 2021. The forecasted sales prices include a 5 percent increase In the 2-person spa price and a 10 percent increase in the 4-person spa price, to cover anticipated increases in raw materials prices. Your answer is correct Prepare lvanhoe's sales budget for 2021. On December 31, 2020, Ivanhoe had 60,2-person spas in stock-fewer than the desired inventory level of 80 , based on the following quarter's sales. The company has budgeted for sales of 450,2 -person spas in the first quarter of 2022. Prepare the 2021 production budget for 2-person spas. Each2 2.tsoa sparequies a pump rhator, wich Ivanhoe putchases for 5160 . On December 31,2020, Ivarhoe had 400 pump motors in imentoon. Dsmate darine the indallation peoceis results in a standard quantity of 120 motors per spa. Eecause of recent dellvery problems. Ivarhoe wants to maintaln an ending invertory equal to $0 puecent of the followinequarter's productiontnecds. Since the supplicr has assured teanhoe that the delivery issuei will be rewolved by the end of December Ivarhce wants only 300 motors in irwentery on Deoenber 31,2021 Pirpare the putcharei budet for motort for 2021 (hound Standard pump modert per ipo lnto 1 decimal bloce, es 12.2 ) Each 2 person spa requlres a pump motor, which lvanhce purchases for $160. On December 31, 2020, Ivanhoe had 400 pump motors in imentory. Damage during the installation process results in a standard quantity of 1.20 motors per spat. Because of recent delivery problems, Ivarhoe wants to maintalian ending imventory equal fo 50 percent of the following quarter's. production needs. Since the supplier has assured lvanhoe that the delivery issues will be resolved by the end of December. Ivanhoewants only 300 motors in inventory on December 31,2021 Prepare the purchases budget for motors for 2021. (Round Standord pump motors per spo into 1 decimal ploce, es. 12.2.) Ivanhoe Enterprises is a portable hot tub manufacturer. The company produces both 2-person and 4-person hot tubs. Michael Jones, the company's sales manager, prepared the following sales forecast for 2021. The forecasted sales prices include a 5 percent increase In the 2-person spa price and a 10 percent increase in the 4-person spa price, to cover anticipated increases in raw materials prices. Your answer is correct Prepare lvanhoe's sales budget for 2021. On December 31, 2020, Ivanhoe had 60,2-person spas in stock-fewer than the desired inventory level of 80 , based on the following quarter's sales. The company has budgeted for sales of 450,2 -person spas in the first quarter of 2022. Prepare the 2021 production budget for 2-person spas. Each2 2.tsoa sparequies a pump rhator, wich Ivanhoe putchases for 5160 . On December 31,2020, Ivarhoe had 400 pump motors in imentoon. Dsmate darine the indallation peoceis results in a standard quantity of 120 motors per spa. Eecause of recent dellvery problems. Ivarhoe wants to maintaln an ending invertory equal to $0 puecent of the followinequarter's productiontnecds. Since the supplicr has assured teanhoe that the delivery issuei will be rewolved by the end of December Ivarhce wants only 300 motors in irwentery on Deoenber 31,2021 Pirpare the putcharei budet for motort for 2021 (hound Standard pump modert per ipo lnto 1 decimal bloce, es 12.2 ) Each 2 person spa requlres a pump motor, which lvanhce purchases for $160. On December 31, 2020, Ivanhoe had 400 pump motors in imentory. Damage during the installation process results in a standard quantity of 1.20 motors per spat. Because of recent delivery problems, Ivarhoe wants to maintalian ending imventory equal fo 50 percent of the following quarter's. production needs. Since the supplier has assured lvanhoe that the delivery issues will be resolved by the end of December. Ivanhoewants only 300 motors in inventory on December 31,2021 Prepare the purchases budget for motors for 2021. (Round Standord pump motors per spo into 1 decimal ploce, es. 12.2.)