Use the table mentioned below and calculate the average monthly amount of each 3 drivers. Number of Machine Hours Purchase Orders Moves (Mhr) (PO) July 340 5400 250 Aug. 380 5200 300 Sept. 400 5800 450 Oct. 500 6200 380 Nov. 480 6000 340 Dec. 420 5600 200 Total 2520 34200 1920
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.
Use the table mentioned below and calculate the average monthly amount of each 3 drivers.
Number of Machine Hours Purchase Orders
Moves (Mhr) (PO)
July 340 5400 250
Aug. 380 5200 300
Sept. 400 5800 450
Oct. 500 6200 380
Nov. 480 6000 340
Dec. 420 5600 200
Total 2520 34200 1920
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