Projected Sales in Units T-Shirt Sizes Sales Price June July August 575 625 525 825 500 Youth Adult-regular Adult-oversized 17 400 900 500 475 18
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.
Preparing an operating budget—sales budget
Yarbrough Company manufactures T-shirts printed with tourist destination logos. The following table shows sales prices and projected sales volume for the summer months:
Prepare a sales budget for Yarbrough Company for the three months.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
