A company is preparing its production budget for the coming month. It expects to sell 4,875 units of its product. It starts the month with an inventory of 760 units and wants to increase its inventory by 30% during the the month How many units does it need to produce during the month? O a. 4,750 O b.5,103 O c. 5,635 d. 5,863
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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