Sales and Production Budgets

When calculating a production budget, which figure comes first?

• Sales

• Opening Inventory

• Closing Inventory

When calculating a production budget, which figure comes second?

• Sales

• Opening Inventory

• Closing Inventory

When calculating a production budget, which figure comes third?

• Sales

• Opening Inventory

• Closing Inventory

When calculating a sales budget, which figure comes first?

• Opening Inventory

• Closing Inventory

• Production

When calculating a sales budget, which figure comes second?

• Opening Inventory

• Closing Inventory

• Production

When calculating a sales budget, which figure comes third?

• Opening Inventory

• Closing Inventory

• Production

True or False
In a Sales Budget you add Production units to Closing Inventory

• True

• False

True or False
In a Sales Budget you subtract Closing Inventory

• True

• False

True or False
In a Sales Budget you subtract Production Units

• True

• False

True or False
In a Production Budget you subtract Closing Inventory first

• True

• False