Bonita company sales budget project unit sales of part 198z of 11600 units in January 13200 units in February and 15800 units in March each units of part 198z required 4 pounds of materials which cost 2 per pound Bonita company desires its ending raw materials inventory to equal 40% of next month's production requirements and its ending finished goods inventory to equal 20% of the next month's expected unit sales these goals were met at December31 2021 prepare a production budget for January and Feb 2022
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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