If the expected sales volume for the current period is 7,400 units, the desired ending inventory is 239 units, and the beginning inventory is 354 units, the number of units set forth in the production budget, representing total production for the current period, is a.7,285 b.7,400 c.7,046 d.7,639
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.
If the expected sales volume for the current period is 7,400 units, the desired ending inventory is 239 units, and the beginning inventory is 354 units, the number of units set forth in the production budget, representing total production for the current period, is
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