A company budgeted unit sales of 224000 units for January, 2022 and 260000 units for February 2022. The company's policy is to have finished goods inventory of units on hand at the end of each month that is equal to 30% of next month's budgeted unit sales. If there were 67200 units of finished goods inventory on hand on December 31, 2021, how many units should be produced in January, 2022 in order for the company to meet its goals? O224000 units O213200 units O234800 units O 302000 units
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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