MM Co. predicts sales of $35,000 for May. MM Co. pays a sales manager a monthly salary of $3,500 plus a commission of 6% of sales dollars. MM's production manager recently found a way to reduce the amount of packaging MM uses. As a result, MM's product will receive better placement on store shelves and thus May sales are predicted to increase by 8%. In addition, MM's shipping costs are predicted to decrease from 4% of sales to 3% of sales. Compute (1) budgeted sales and (2) budgeted selling expenses for May assuming MM switches to this more sustainable packaging. (1) (2) Budgeted sales Budgeted selling expenses Blue Wave Co. predicts the following unit sales for the coming four months: September, 3.300 units: October, 4.700 units: November, 6.200 units; and December, 8.300 units. The company's policy is to maintain finished goods inventory equal to 60% of the next month's sales. At the end of August, the company had 2,000 finished units on hand. Prepare a production budget for each of the months of September October, and November Blue Wave Co. Production Budget September, October and November September October Next month's budgeted sales (units) November Units to be produced Jasper Company has sales on account and for cash. Specifically, 59% of its sales are on account and 41% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $530,000 for April, $540,000 for May, and $565,000 for June. The beginning balance of Accounts Receivable is $296,000 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June 41% Cash sales Sales on account Total sales 59% May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts