Required information Skip to question [The following information applies to the questions displayed below.] Shadee Corporation expects to sell 650 sun shades in May and 380 in June. Each shade sells for $150. Shadee's beginning and ending finished goods inventories for May are 70 and 45 shades, respectively. Ending finished goods inventory for June will be 60 shades. Required: Prepare Shadee's sales budget for May and June. Prepare Shadee's production budget for May and June.
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.
![Required information Skip to question [The following information applies to the questions
displayed below.] Shadee Corporation expects to sell 650 sun shades in May and 380 in June.
Each shade sells for $150. Shadee's beginning and ending finished goods inventories for May
are 70 and 45 shades, respectively. Ending finished goods inventory for June will be 60
shades. Required: Prepare Shadee's sales budget for May and June. Prepare Shadee's
production budget for May and June.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb67374be-bcfa-44c5-8f74-6eaf46e1a0d1%2Ff5aab577-99ad-40c4-a3b8-ec42b9cb6318%2F2g83seg_processed.png&w=3840&q=75)
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