Babycakes is a vegan bakery owned by Erin McKeena., based in New York City and expanding to Los Angeles. A budget is important and very beneficial during busy holidays. The budget manages a specific written plan for a certain period of time. No matter what size business it is, having a budget makes any business run smoothly and efficiently when it comes to judging a company’s performance. It can also evaluate needs and concerns of a business while keeping track of spending. Obtaining a budget for Babycakes will help maintain confusion or mishaps. With Erin expanding her company to Los Angeles she needs some sort of structure for her establishment. Tracking her spending will help ensure and identify the amounts of funds to allocate her products …show more content…
Therefore, sweet potato pies may also be considered. Given a scenario of 1,000 to 800 in comparison to the Valentine’s Day sales for Thanksgiving holiday (Bernstein, 2011). Thanksgiving (Turkey Cupcakes) October November December Expected Unit Sales 1,500 800 1,000 x Price Per Unit $3.50 $3.50 $3.50 Equals Total Net Sales $5,250 $2,800 $3,500 Christmas season is a time for giving, and people feel more generous to others. Children are under the tree opening presents they assume Santa (mom and dad) provided for them. Holiday parties increase of at least 600 units in New York (SBDCNet, 2014). People mostly want cakes and pies but being the tradition we are now cupcakes in the form of a red velvet cupcake will surpass. Christmas (Rudolph Cupcakes) October November December Expected Unit Sales 1,500 800 1,600 x Price Per Unit $3.50 $3.50 $3.50 Equals Total Net Sales $5,250 $2,800 $5,600 Quarterly sales figures for specialty items should be budgeted for the quarter. They provide us with total amounts of sales that we can anticipated spending for the products for the quarter. Maybe in this particular quarter Babycakes will exceed their anticipated …show more content…
The appendix included the holiday sales figures for the month of October 23 days 6 days per week times 4 weeks at 1,000 expected units plus 500 more for the Halloween season which makes it 1,500 equaling 24,500 units’ times the price of $3.50 per unit equaled the total net sale for the month of 85,750 in October. Using the same formula for November and December budgeting from one month to the next. With the holiday expected unit sales of $250,950 for the year. The sales predictions do not include daily operating costs (Short,