ABC company projected sales of 100,000 books for 2021. The estimated January 1, 2021, finished goods inventory is 5,000 umits, snd the desired December 31,2021 finish goods inventory is 10000 units. What is the budgeted production for 2021.
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.
ABC company projected sales of 100,000 books for 2021. The estimated January 1, 2021, finished goods inventory is 5,000 umits, snd the desired December 31,2021 finish goods inventory is 10000 units. What is the budgeted production for 2021.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
