Charm Enterprises production budget shows the following units to be produced for the coming three months: April 3,510 Multiple Choice Units to be produced A finished unit requires three ounces of a key direct material. The March 31 Raw Materials Inventory has 3,447 ounces (oz) of the material. Each month's ending Raw Materials Inventory should be 30% of the following month's production needs. Materials purchases in May should be: 8,043 oz. May 3,830 11,382 oz June 3,710
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.
Subject: accounting
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