PT Classic Kingdom is in the process of making the production budget for 2021. The production department supplies the following information to help making the production budget of 2021: Sales budget Unit Quarter I Quarter II Quarter III Quarter IV Opening stock Closing stock 29000 41000 51000 39000 5000 2000 Based on the above information, you have to make the production budget of 2021 using: a. Constant method
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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