Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.25 6,000 $16.00 February 56,000 $8.25 8,000 $16.00 March 80,000 $8.25 14,000 $16.00 April 100,000 $8.25 18,000 $16.00 Required: 1. Construct a sales budget for FlashKick for the first three months of the coming year. Show total sales for each product line by month and in total for the first quarter. required, round your answers to the nearest cent. FlashKick Company Sales Budget For the First Quarter of Next Year January February March Quarter Practice ball: Units Unit price Sales Match ball: Units Unit price $ Sales 24 Total sales
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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