The budgeted production (in units) for the year is calculated to be 60,460 units.
What is production budget and how to calculate it?
The sales forecast and the anticipated amount of finished goods inventory to be on hand are combined to create the production budget, which determines the quantity of products that must be made.
The predicted sales for the year, the opening inventory balance, and the planned closing inventory value all influence the annual budgeted output. The relationship between every component is depicted below-
Estimated beginning inventory + budgeted production - projected sales = Desired inventory balance
6,290 + budgeted production - 59,700 = 7,050
Budgeted production = 7,050 + 59,700 - 6,290
Budgeted production = 60,460 units
Know about budgets at:
https://brainly.com/question/18803390
#SPJ4
