Beltway Company is preparing their sales and selling expense budgets for the next quarter (October, November, December). Beltway produces and sells one product. The budgeted sales price for this product is $65 per unit. The company expects to sell 13,000 units in October. They are budgeting a 3% increase in unit sales each month after October. Prepare the sales budget for the quarter (in units and dollars). Round all answers to the nearest whole unit and whole dollar. Beltway Company Sales Budget For October, November, and December October November December Total Budgeted Unit Sales Budgeted Unit Price Budgeted Sales in Dollars
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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