Global GPS Systems manufactures rugged handheld GPS computers for use in adverse working environments. Global tries to maintain inventory at 30% of the following month’s expected unit sales. Global began the year with 15,000 units in stock, based on the following unit sales projections prepared by the sales manager:January 30,000, February 37,500, March 27,000, April 33,000. Prepare a schedule of planned unit production budget for January through March.
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.
Global GPS Systems manufactures rugged handheld GPS computers for use in adverse working environments. Global tries to maintain inventory at 30% of the following month’s expected unit sales. Global began the year with 15,000 units in stock, based on the following unit sales projections prepared by the sales manager:January 30,000, February 37,500, March 27,000, April 33,000.
Prepare a schedule of planned unit production budget for January through March.
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