Mango Place has forecast its sales for the coming months as follows: Standard Units April 102 May 127 June 141 July 156 The standard model sells for $218. Required: Prepare a sales budget for the quarter ending June 30.
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.
Mango Place has
| Standard Units | |
|---|---|
| April | 102 |
| May | 127 |
| June | 141 |
| July | 156 |
The standard model sells for $218.
Required:
Prepare a sales budget for the quarter ending June 30.
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