Based on the following production and sales data of Frixion Co. for March of the current year, prepare (a) a sales budget and (b) a production budget. 
Definitions:
Equal Management
The practice or policy of giving all members of a managing group equal authority and decision-making power.
State Law
State law consists of the laws and regulations enacted by the legislative bodies or established by the courts of a specific state.
Liability
Liability refers to the legal responsibility for one's actions or omissions, which may result in being required to compensate for damage or harm caused.
Security
A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.
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