Production budget Healthy Habits Inc. produces a Bath version and a Gym version of its popular sales for the scales by sales region are as follows: Bath Gym Scale Scale Western Region unit sales 19,000 35,000 Eastern Region unit sales 20,500 21,500 Total 39,500 56,500 The finished goods inventory estimated for January 1, for the Bath and Gym s units, respectively. The desired finished goods inventory for January 31 for the and 2,800 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended which you must enter subtracted or negative numbers use a minus sign. Healthy Habits Inc. Production Budget For the Month Ending January 31 Line Item Description Units Bath Scale Units Gym Scale
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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