Masters Corporation provided their production budget for the next quarter: April Units to be produced 151,600 148,400 Desired Finished Goods Inventory How many units is the company expecting to sell in the month of May? 178,400 130,000 138,800 30,000 May 150,000 28,400 June 142,000 31,600
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.
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