XYZ Inc. is preparing its annual budgets for the year ending December 31, 2025. Product JB 50 Product JB 60 Sales Budget: Anticipated volume in units 677,000 345,000 Unit Selling Price $23 $45 Production budget: Desired ending finished goods units 65,000 21,500 Beginning finished good units 54.300 10,750 Prepare the Production Budget for the year.
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.
XYZ Inc. is preparing its annual budgets for the year ending December 31, 2025.
Product JB 50 Product JB 60
Sales Budget:
Anticipated volume in units 677,000 345,000
Unit Selling Price $23 $45
Production budget:
Desired ending finished goods units 65,000 21,500
Beginning finished good units 54.300 10,750
Prepare the Production Budget for the year.
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