a. Prepare a sales budget. Product and Area Model Rumble: North Region South Region Total Vibrant Inc. Sales Budget For the Month Ending June 30 Model Thunder: North Region South Region Total Total revenue from sales Unit Sales Volume b. Prepare a production budget. Vibrant Inc. Production Budget For the Month Ending June 30 Expected units to be sold Total units required Unit Selling Price Total units to be produced Units Units Model Model Rumble Thunder Total Sales
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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