Zubaida LLC has two sales territories, North and South. Each salesman is expected to sell the following number of units during the first quarter of 2019. Assume the average selling price is RO 8 Month North South (units) (units) Jan 200 300 Feb 260 350 March 320 400 . The budgeted sales quantity and value at the end of the quarter is: a. North 780 units RO 6240, South 1050 units RO 8400 b. North 2200 units RO 13,200, South 2400 units RO 14,400 c. North 2000 units RO 12000, South 1900 units RO 11,400 d. North 780 units RO 8400, South 780 units RO 6240
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.
Zubaida LLC has two sales territories, North and South. Each salesman is expected to sell the following number of units during the first quarter of 2019. Assume the average selling price is RO 8
|
Month |
North |
South |
|
|
(units) |
(units) |
|
Jan |
200 |
300 |
|
Feb |
260 |
350 |
|
March |
320 |
400 |
. The budgeted sales quantity and value at the end of the quarter is:
North 780 units RO 6240, South 1050 units RO 8400
North 2200 units RO 13,200, South 2400 units RO 14,400
North 2000 units RO 12000, South 1900 units RO 11,400
North 780 units RO 8400, South 780 units RO 6240
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