ABC Company has prepared a unit sales budget for the upcoming months as follows: Units Month Units Month January. February....... March......... 5,000 7,500 10,000 15,000 20,000 June. July... August... 30,000 35,000 25,000 10,000 6,000 April. September.... May.... October......... ABC has a policy to maintain ending inventory levels equal to 30% of the coming month's sales requirements. Inventory on January 1 is projected to be 1,200 units. Required: Fill-in the missing amounts in the production budget of ABC Company for the next six months.

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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.