Skateboard Inc. makes plastic skateboards. Budgeted sales and production data for the skateboards are as follows: Month 1 budgeted unit sales Month 2 budgeted unit sales Month 3 budgeted unit sales Month 1 budgeted unit production. Month 2 budgeted unit production Month 3 budgeted unit production Raw material required for each finished unit (in pounds) 2,000 2,600 3,100 2,400 3,500 3,900 Each skateboard requires one pound of plastic in its manufacture, Skateboard Inc. has a policy that the inventory of plastic at the the production needs for the following month. At the beginning of Month 1, 720 pounds of plastic were in inventory. How many pe purchase in Month 2?

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…

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…