The purpose of the production budget is to:

Group of answer choices

inform the production team how many units of product must be manufactured in each month, quarter, or year

to inform the purchasing department how much direct materials to purchase in each month, quarter, or year

Sunnyvale Corporation makes collections on sales according to the following schedule:

40% in the month of sale

50% in the month after the sale

10% two months after the sale

Here are their expected sales for the first quarter:

January............$70,000

February..........$50,000

March...............$30,000

How much cash will they collect in the month of March?

Group of answer choices

$44,000

$30,000

$42,000

$37,000

The purpose of the production budget is to:

Group of answer choices

inform the production team how many units of product must be manufactured in each month, quarter, or year

to inform the purchasing department how much direct materials to purchase in each month, quarter, or year

to help the marketing team prepare the sales budget

to use at the bank to apply for financing

to help the marketing team prepare the sales budget

to use at the bank to apply for financing