Olwethu Ltd manufactures and sells two products, Nike and Carvela shoes. The following information relates to the two products for the financial year ended 31 Dec ember 2014: Nike Carvela Budgeted sales(in units) 105 000 112 000 Selling price per unit R20 R22 Required opening inventory 30 900 40 100 Required closing inventory 29 000 21 500 The budgeted sales for Carvela are___________. Select one: a. R2 310 000 b. R2 100 0000 c. R2 464 0000 d. R4 410 000
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.
Q20
Olwethu Ltd manufactures and sells two products, Nike and Carvela shoes. The following information relates to the two products for the financial year ended 31 Dec ember 2014:
|
|
Nike |
Carvela |
|
Budgeted sales(in units) |
105 000 |
112 000 |
|
Selling price per unit |
R20 |
R22 |
|
Required opening inventory |
30 900 |
40 100 |
|
Required closing inventory |
29 000 |
21 500 |
The budgeted sales for Carvela are___________.
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