Saved Wahnt has frecast sales for the next three manths as follows: July 5,800 units, August 7,800 units, September 9,300 units. Walnut's policy is to have nerding iventory of 40% of the next manth's sales needs on hand. July 1 Inventory is projected to be 3,300 units. Selling and administrative costs e budgeted to be $3.000 per month plus $5 per unit sold. What are budgeted selling and administrative expenses for September? 33 M.tple Choice $45.000 O s200 O sa20 $79.500
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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