Description
This assignment is a Excel spreadsheet. The assignment details are attached. If any more details are needed I'll be happy to assist.
Review the tutorial titled How to Submit the Intellipath Submission Assignment Please submit your work to this week's Intellipath Submission lesson. Click the Upload button within the submision lesson to access the submision area.
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Attached.
1
Running head: BUDGETING
Budgeting
Institution
Name
Date
2
BUDGETING
A production budget is an estimation of the financial plan of the expected units of
products that must be manufactured. The metrics used for calculation are the planned amount
of finished goods and the sales forecast (Grendel, 2013). The materials purchase budget helps
quantify the amount of cash that is required to acquire materials necessary for production
process (Gopalakrishnan, 2015).
Method
To compute the production budget the budgeted sales units was recorded up to the
month of November. The desired ending inventory was computed by multiplying 40% to the
following month’s forecasted sales. The to...