Question 1 The marketing department of HASF Corporations has submitted the following sales forecast for the upcoming fiscal year (all sales are on account) Q1 Q2 Q3 Q4 total Budgeted units sales ? 10% increase 10 % decrease 16,335 62,685 Budget selling price per unit 18 18 18 ? 18 budgeted sales revenue ? 297,000 ? 294,030 ? Other information Each quarter ending finished goods inventory is 20% of next month units sold. Next year first quarter beginning inventory is 3,000. Each finished units require 3 grams of raw material that cost Rs 3 per unit. Management desired to end each quarter with an inventory of raw material equal to 15% of the current quarter production needs Beginning inventory of raw material in first quarter 3,000 grams FIND UNIT SALES of Q1 Answer format should be like : 10000 donot USE COMMA's or Currency or UNITs. Answer should be plain number
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.
Question 1
The marketing department of HASF Corporations has submitted the following sales
|
Q1 |
Q2 |
Q3 |
Q4 |
total |
|
|
Budgeted units sales |
? |
10% increase |
10 % decrease |
16,335 |
62,685 |
|
Budget selling price per unit |
18 |
18 |
18 |
? |
18 |
|
budgeted sales revenue |
? |
297,000 |
? |
294,030 |
? |
Other information
- Each quarter ending finished goods inventory is 20% of next month units sold.
- Next year first quarter beginning inventory is 3,000.
- Each finished units require 3 grams of raw material that cost Rs 3 per unit.
- Management desired to end each quarter with an inventory of raw material equal to 15% of the current quarter production needs
Beginning inventory of raw material in first quarter 3,000 grams
FIND UNIT SALES of Q1
Answer format should be like : 10000 donot USE COMMA's or Currency or UNITs. Answer should be plain number
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