Young and the restless Enterprises has budgeted sales in Pies for the next five months as follows: June: 4,600 Pies July: August: September: 6,800 Pies October: 3,800 Pies 7,200 Pies 5,400 Pies Past experience has shown that the ending inventory for each month should be equal to 10% of the next month's sales in units. The inventory on May 31 fell short of this goal since it contained only 400 units. The company needs to prepare a Production Budget for the next five months. The Total Number of Pies to be produced in July is: O 7,020 Pies O 7,740 Pies O 7,280 Pies O 7,200 Pies
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.
![Young and the restless Enterprises has budgeted sales in Pies for the next five months as follows:
June:
4,600 Pies
July:
August:
September: 6,800 Pies
October: 3,800 Pies
7,200 Pies
7,020 Pies
7,740 Pies
O 7,280 Pies
7,200 Pies
5,400 Pies
Past experience has shown that the ending inventory for each month should be equal to 10% of the next month's sales in units. The inventory on May 31 fell short of this goal
since it contained only 400 units. The company needs to prepare a Production Budget for the next five months.
The Total Number of Pies to be produced in July is:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F99415ee5-2b53-48d5-a835-a42dca349db5%2F5f227bbf-6de6-4ff4-940c-e3ff58f24caa%2Fr8dfun8_processed.png&w=3840&q=75)
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