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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

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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. (a) Your answer is correct. Prepare fvanhoe's sales budget for 2021. On December 31,2020, Ivanhoe had 60,2-person spas in stock-fewer than the desired inventory level of a0, based on the following quarter's salen. The company has budgeted for sales of 450,2 -person spas in the first quarter of 2022. Prepare the 2021 productlon budget for 2-person spas. e Textbook and Media Attemptsi3 of 4 used

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