MM Co. predicts sales of $50,000 for May. MM Co. pays a sales manager a monthly salary of $4,300 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 Ruiz Co. provides the following sales forecast for the next four months. April 580 May 660 June 610 July 700 Sales (units) The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 174 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 660 Ratio of inventory to future sales 30% May June 700 610 Required units of available production Units to be produced Blue Wave Co. predicts the following unit sales for the coming four months: September, 3,500 units; October, 4,500 units; November, 6,100 units, and December, 8,000 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 1,900 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 0 0 0