Asked by Tiffany McClendon on Jul 02, 2024
Verified
A plan that states the number of units to be produced in a future period,based on the projected unit sales and inventory considerations,is the:
A) Sales budget.
B) Merchandise purchases budget.
C) Production budget.
D) Cash budget.
E) Manufacturing budget.
Production Budget
A financial plan that estimates the costs associated with the production of goods or services within a specified period.
Inventory Considerations
Inventory considerations involve managing stock levels to align with business needs, avoiding both excess and shortages while optimizing costs.
Projected Unit Sales
The estimated quantity of products a company plans to sell in a future period, often used for planning and forecasting purposes.
- Acquire knowledge on the procedures and numerical operations essential in developing production budgets.
Verified Answer
Learning Objectives
- Acquire knowledge on the procedures and numerical operations essential in developing production budgets.
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