Month Receiving Orders Cost January. 1,000 $ 18,000 February. 700 $ 15,000 March. 1,500 $ 28,000 April. 1,200 $ 17,000 May. 1,300 $25,000 June. 1,100 $ 21,000 July. 1,600 $29,000 August. 1,400 $ 24,000 September. 1,700 $ 27,000 October. 900 $16,000 If the company processes 5,500 receiving orders, how much is the cost needed?
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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