Friden Company has budgeted sales and production over the next quarter as follows: Sales in Units Production in Units Multiple Choice 128.000 units 188,000 units April 160,000 units 100,000 104,000 May On April 1, the company has 20,000 units of product on hand. A minimum of 20% of the next month's sales needs (in units) must be on hand at the end of each month. July sales are expected to be 140,000 units. What would be the budgeted sales for June (in units)? 120,000 128,000 June 156,000
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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