Knockoffs Unlimited, a nationwide distributor of low$-$cost imitation designer necklaces, has an

exclusive franchise on the distribution of the necklaces, and sales have grown so rapidly over

the past few years that it has become necessary to add new members to the management

team. To date, the company's budgeting practices have been inferior, and, at times, the

company has experienced a cash shortage. You have been given responsibility for all planning

and budgeting. Your first assignment is to prepare a master budget for the next three months,

starting April $1.$ You are anxious to make a favourable impression on the president and have

assembled the information below.

The necklaces are sold to retailers for $$10$ each. Recent and forecasted sales in units are as

follows: