The following budgeted production and sales information is for Flushing Company for the month of December: Product XXX Product ZZZ Estimated beginning inventory 31,500 units 18,400 units. Desired ending inventory 36,600 units 14,200 units Region I, anticipated sales 302,000 units 275,000 units Region II, anticipated sales 183,000 units 148,000 units The unit selling price for product XXX is $6 and for product ZZZ is $15. Budgeted sales for the month is O a $9,813,000 Ob. $9,255,000 Oc. $13,620,000 Od. $5,448,000
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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