Pasadena Candle Inc. projected sales of 86,000 candles for the year. The estimated January 1 inventory is 3,400 units, and the desired December 31 inventory is 9,000 units. Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Pasadena Candle Inc. Production Budget For the Year Ending December 31 Expected units to be sold Desired ending inventory, December 31 Total units available Estimated beginning inventory, January 1 Total units to be produced
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Production Budget
Pasadena Candle Inc. projected sales of 86,000 candles for the year. The estimated January 1 inventory is 3,400 units, and the desired December 31 inventory is 9,000 units.
Prepare a production budget report in units for Pasadena Candle Inc. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
| Pasadena Candle Inc. | |
| Production Budget | |
| For the Year Ending December 31 | |
| Expected units to be sold | |
| Desired ending inventory, December 31 | |
| Total units available | |
| Estimated beginning inventory, January 1 | |
| Total units to be produced |
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