Cathy's Cookies produces cookies for resale at local grocery stores.The company is currently in the process of establishing a master budget on a quarterly basis for this coming fiscal year,which ends December 31.Prior year quarterly sales were as follows (1 unit = 1 batch):
Unit sales are expected to increase 20 percent,and each unit is expected to sell for $5.Management prefers to maintain ending finished goods inventory equal to 15 percent of next quarter's sales.Assume finished goods inventory at the end of the fourth quarter budget period is estimated to be 2,000 units.
(1)Prepare a sales budget for Cathy's Cookies.
(2)Prepare a production budget for Cathy's Cookies.
Definitions:
Prejudice
Preconceived opinions or judgments about individuals or groups based on stereotypes rather than facts.
Ethnocentrism
The belief in the inherent superiority of one's own ethnic group or culture, often resulting in prejudice and discrimination against other cultures.
Ethnocentrism
The act of evaluating other cultures according to preconceptions originating in the standards and customs of one's own culture.
Screened Out
The process of eliminating candidates or options that do not meet certain criteria or standards.
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