The See King Hotel's sales forecast for the next quarter, ending December 31st, indicates the following: Product Expected Sales Snapper 2,000 units Shrimp 3,500 units Calamari 5,200 units Inventories at the beginning, and desired quantities at the end of the quarter are as follows: Product October 1st December 31st Snapper 580 units 250 units Shrimp 160 units 150 units Calamari 130 units 180 units Draw up a Production budget in units for next quarter.
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.
Step by step
Solved in 2 steps
