- X * Budget and budget types Consider the following budgets and budget types Click the icon to view the budgets and budget types) Which budget or budget type should be used to meet the following needs? Cost of Goods Sold Master Cash Flexible Operational Static & b. Sales Strategic Upper management is planning for the next five years. A store manager wants to plan for different levels of sales. The accountant wants to determine if the company will have sufficient funds to pay expenses. The CEO wants to make companywide plans for the next year Print Done d. Brown Company manufactures luggage sets Brown sells its luggage sets to department stores Brown expects to sell 1.700 luggage sets for $180 cach in January and 2.050 u ge sets for $150 each in February All sales are cash only Prepare the sales budget for January and February Brown Company Sales Budget Two Months Ended January 31 and February 28 January February Budgeted luggage sets to be sold Sales price per set Total sales Bailey Company expects to sell 1,500 units of finished product in January and 1,750 units in February. The company has 180 units on hand on January 1 and desires to have an ending inventory equal to 80% of the next month's sales. March sales are expected to be 1.820 units. Prepare Bailey's production budget for January and February Select the labels, enter the amounts and prepare the production budget for January Then, prepare the production budget for February Balley Company Production Budget Two Months Ended January 31 and February, 28 January February Plus Total units needed Budgeted units to be produced