QMW Company manufactures two models of microcassette recorders, VCH and MTV. Based on the following production data for April of the current year, prepare a production budget for April. VCH MTV Estimated inventory (units), April 1 2,600 3,900 Desired inventory (units), April 30 5,200 3,250 Expected sales volume (units): Eastern zone 10,500 12,960 Midwest zone 17,000 19,800 Western zone 4,500 9,840
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.
53) QMW Company manufactures two models of microcassette recorders, VCH and MTV. Based on the following production data for April of the current year, prepare a production budget for April.
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VCH |
MTV |
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Estimated inventory (units), April 1 |
2,600 |
3,900 |
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Desired inventory (units), April 30 |
5,200 |
3,250 |
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Expected sales volume (units): |
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Eastern zone |
10,500 |
12,960 |
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Midwest zone |
17,000 |
19,800 |
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Western zone |
4,500 |
9,840 |
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QMW Company Production Budget For Month Ending April 30, 2022 |
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VCH |
MTV |
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Total Production |
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