Best Bicycles manufactures three different types of bikes: the Tiny Tike, the Adult Aero, and the Mountain Monger. Assume that Best Bicycles operates two shifts, each with 1,700 hours per year. Bike Tiny Tike Adult Aero Mountain Monger Demand Forecast (units/year) 43,800 50,250 29,550 Click here for the Excel Data File Processing Time (minutes/unit) 11.4 12.0 13.7 Lot Size (# of bikes) 24 30 30 Setup Tine (minutes/setup) 30 60 40
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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