The Coby Company expects the following: Sales 201,000 units of serving trays Beginning inventory 13,000 units of serving trays Target ending inventory 29,000 units of serving trays Compute the number of trays budgeted for production in 2018.
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.
| The Coby Company expects the following: | |||||
| Sales | 201,000 | units of serving trays | |||
| Beginning inventory | 13,000 | units of serving trays | |||
| Target ending inventory | 29,000 | units of serving trays |
Compute the number of trays budgeted for production in 2018.
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