Question 1
Orange Corporation has budgeted sales of 23,000 units, targeted ending finished goods inventory of 9,000 units, and beginning finished goods inventory of 6,000 units. How many units should be produced next year?
◦ 38,000 units
◦ 32,000 units
◦ 26,000 units
◦ 23,000 units
Question 2
Rolling budgets help management to ________.
◦ better review the past calendar year
◦ deal with a 5-year time frame
◦ focus on the upcoming budget period
◦ rigidly administer the budget