Ruby Company, Inc. has the following budgeted sales for the next quarter: Month: Units April 9,300 May 9,500 June 9,600 nventory of finished goods on hand at the beginning of the quarter is 1,860 units. The company desires to maintain ending inventory each month equal to 20% of next month's sales Olus an additional 100 units. How many units are to be produced during April? OA. 7,440 units OB. 18,600 units O C. 9,440 units O D. 9,600 units
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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