Imagine you are an owner of a company. Listed below are your budgeted monthly unit sales sold at P10 per unit. March April May June July Budgeted Monthly Unit Sales 2,000.00 3,000.00 4,000.00 5,000.00 4,500.00 The desired finished goods inventory balance is 20% of the budgeted monthly unit sales of the following month. The beginning balance of finished goods inventory in April amounted to 500 units while the desired ending balance of finished goods inventory in June amounted to 500 units. Using the table below, prepare a production budget for the month of April, May and June. Production Budget April May June Total Budgeted Unit Sales Add: Desired ending finished goods inventory Total Needs Less: Beginning finished goods inventory Required production in units

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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.