JDS Corporation sells wooden kitchen tables for $600 a unit. Please build out a flexible budget projecting out the net income with the data listed below if JDS Corporation sells 90 units and 110 units. Wood - $55 per unit Screws - $12 per unit Glue - $7 per unit Stain- $4 per unit Labor - $12 per unit Polyurethane - $6 per unit Factory Rent - $3,400 per month Factory Insurance - $700 per month Salaries - $8,200 per month Depreciation - $2,350 per month
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.
JDS Corporation sells wooden kitchen tables for $600 a unit. Please build out a flexible budget projecting out the net income with the data listed below if JDS Corporation sells 90 units and 110 units.
Wood - $55 per unit
Screws - $12 per unit
Glue - $7 per unit
Stain- $4 per unit
Labor - $12 per unit
Polyurethane - $6 per unit
Factory Rent - $3,400 per month
Factory Insurance - $700 per month
Salaries - $8,200 per month
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