Yordi Company expects to sell 1,750 units of finished product in January and 1,850 units in February. The company has 250 units on hand on January 1 and desires to have an ending inventory equal to 60​% of the next​ month's sales. March sales are expected to be 1,870 units. Prepare Yordi​'s production budget for January and February.   Select the​ labels, enter the amounts and prepare the production budget for January. ​Then, prepare the production budget for February.   Yordi Company Production Budget Two Months Ended January 31 and February, 28   January Budgeted units to be sold 2000 Plus: Desired units in ending inventory   Total units needed   Less: Units in beginning inventory   Budgeted units to be produced     Need January and February. Can't figure out how to do this.

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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.