URGENT NEED ANSWER

Q # 02) A) What is cash budget, sales budget and production budget? (02 Marks) B) The Noodles Canning Company produces frozen and condensed soup products. Frozen soups come in three principal varieties: snapper, shrimp, and pea. The condensed soups come in two principal varieties: tomato and chicken noodle. The Sales Division prepared the following tentative sales budget for the first six months of the coming year:

PRODUCT BUDGETED FOR SALES Frozen soups: Snapper. 250,000

cans Shrimp... 150,000 Pea 350,000

Condensed soups:

Tomato.. 1,000,000 Chicken noodle.. 750,000

The following inventory levels have been decided upon:

WORK IN PROCESS FINISHED GOODS

Beginning Ending Beginning Units Ending Units Units % Processed Units % Processed

Frozen soups:

Snapper.. 5,000 80 4,000 75 15,000 20,000

Shrimp 3,000 70 3,000 75 8,000 5,000 Pea. 4,000 75 5,000 80 20,000 20,000

Condensed soups:

Tomato 25,000 60 40,000 75 75,000 60,000

Chicken noodle 15,000 60 25,000 80 30,000 20,000

Required: A production budget for the six-month period.