The sales budget is prepared by quarter and contains 1st quarter units of 7,500; 2nd quarter 6,000 units; 3rd quarter 13,500 units and 4th quarter 10,000 units. Ending finished goods inventory is projected at 10% of next quarter's sales. What is the budgeted number of units needed for the 3rd quarter? 3rd Qtr budgeted number of units needed = [a] 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.
![The sales budget is prepared by quarter and contains 1st quarter units of 7,500; 2nd quarter 6,000 units; 3rd quarter 13,500 units and 4th
quarter 10,000 units. Ending finished goods inventory is projected at 10% of next quarter's sales. What is the budgeted number of units
needed for the 3rd quarter?
3rd Qtr budgeted number of units needed = [a] units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F037a32f6-aa27-49f0-93b7-f185f3a255e6%2Fb8a5da79-6205-4ac9-964c-404decb7daa9%2Fvu4o96_processed.jpeg&w=3840&q=75)
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