Motorcycle Manufacturers, Inc., projected sales of 59,000 machines for the year. The estimated January 1 inventory is 6,410 units, and the desired December 31 inventory is 7,440 units. The budgeted production for the year is a.57,970 b.59,000 c.60,030 d.45,150
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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Motorcycle Manufacturers, Inc., projected sales of 59,000 machines for the year. The estimated January 1 inventory is 6,410 units, and the desired December 31 inventory is 7,440 units. The budgeted production for the year is
a.57,970b.59,000c.60,030d.45,150
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