Novak Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $14. Novak projects sales for April will be 1,000 packages, with sales increasing by 300 packages per month for May, June and July. On April 1, Novak has 350 packages on hand but desires to maintain an ending inventory of 20% of the next month's sales Prepare a sales budget and a production budget for Novak for April, May, and June Begin by preparing a sales budget for April, May, and June. Novak Company Sales Budget April, May, and June April May June Total Budgeted packages to be sold Sales price per package Total sales Now prepare a production budget for April, May, and June. Novak Company Production Budget April, May, and June April May June Total Plus: Total packages needed Less Budgeted packages to be produced