Rollers, Inc. uses a continuous or rolling budget. The month of March is about to end, so the company is now preparing estimates for April. Figures for the period January to March pertaining to factory supplies are as follows: Production Factory Supplies Januar 90,000 144,612 February 108,000 170,712 March 96,000 153,312 If the budgeted production for April is 94,000 units, how much should the budgeted factory supplies be?
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.
Rollers, Inc. uses a continuous or rolling budget. The month of March is about to end, so the company is now preparing estimates for April. Figures for the period January to March pertaining to factory supplies are as follows: Production Factory Supplies Januar 90,000 144,612 February 108,000 170,712 March 96,000 153,312 If the budgeted production for April is 94,000 units, how much should the budgeted factory supplies be?
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