Kwanzan Industries expects to sell 450 units of Product A and 380 units of Product B each day at an ave $15 for Product A and $26 for Product B. The expected cost for Product A is 42% of its selling price and cost for Product B is 63% of its selling price. Kwanzan Industries has no beginning inventory, but it want four-day supply of ending inventory for each product. Compute the budgeted purchases for the next (s week. (Round the answer to the nearest dollar.) A. $66,520 OB. $99,653 OC. $63,416 OD. $116,410
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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