Produce an excel print out of your profit and loss statement explaining numbers of each product you would order to utilise your £200 budget. The Budget Overall budget you are working to is £200. Fixed costs (i.e marketing & advertising) £20. Variable costs (i.e. garments) up to a maximum £180. The Variable Costs Breakdown -: Value T shirt mono print £3.00 Value T shirt full colour £5.00 T shirts mono print-£5.00 T shirts full colour print - £7.00 Hooded sweatshirt mono print £14.00 Hooded sweatshirt colour print £16.00
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.
- Produce an excel print out of your
profit and loss statement explaining numbers of each product you would order to utilise your £200 budget.
The Budget
- Overall budget you are working to is £200.
- Fixed costs (i.e marketing & advertising) £20.
- Variable costs (i.e. garments) up to a maximum £180.
The Variable Costs Breakdown -:
- Value T shirt mono print £3.00
- Value T shirt full colour £5.00
- T shirts mono print-£5.00
- T shirts full colour print - £7.00
- Hooded sweatshirt mono print £14.00
- Hooded sweatshirt colour print £16.00
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