Question 19 Wright Manufacturing makes picnic tables in three sizes: small, medium, and large. The picnic tables can be sold with or without a finishing stain. The following information is available for each table Initial sales price Initial cost Sales price after staining Cost of staining Number sold per month Which table(s) should be processed further? O Large tables O Medium and large tables O Small, medium, and large tables Small OSmall and medium tables $60 20 70 11 100 Medium $100 40 125 15 300 Large $175 55 210 20 175
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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