The following sales are predicted for a company’s next four months. Each month’s ending inventory of finished goods should be 30% of the next month’s sales. The budgeted production of units for May is a. 572 units. c. 548 units. e. 180 units. b. 560 units. d. 600 units. April May June July Unit sales . 480 560 600 480
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 following sales are predicted for a company’s next four
months.
Each month’s ending inventory of finished goods should be
30% of the next month’s sales. The budgeted production of
units for May is
a. 572 units. c. 548 units. e. 180 units.
b. 560 units. d. 600 units.
April May June July
Unit sales . 480 560 600 480
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