Below is budgeted production and sales information for Flushing Company for the month of December. Product XXX Product ZZZ 30,400 units 18,100 units 34,100 units 14,500 units Region I, anticipated sales 349,000 units 270,000 units Region II, anticipated sales 194,000 units 143,000 units he unit selling price for product XXX is $7 and for product ZZZ is $16. Estimated beginning inventory Desired ending inventory udgeted sales for the month is a $10,409,000 Ob $15,296,000 Oc56,692,000 D& $11,579,000
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 3 steps
