A company manufactures three types of product X, Y and Z. The company plans a 15% increase in finished goods stock at the end of the period. Product X Product Y Product Z Sales in Units 2000 2250 3000 Prices 100 125 150 Opening Stock 900 700 1100 Determine the production budget for the 3 products. Choose one from the following: A Product X Product Y Product Z 1035 805 1265 B Product X Product Y Product Z 2,000 2,250 3,000 C Product X Product Y Product Z 3,035 3,055 4,265 D Product X Product Y Product Z 2,135 2,355 3,165
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.
- A company manufactures three types of product X, Y and Z. The company plans a 15% increase in finished goods stock at the end of the period.
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Product X |
Product Y |
Product Z |
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Sales in Units |
2000 |
2250 |
3000 |
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Prices |
100 |
125 |
150 |
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Opening Stock |
900 |
700 |
1100 |
Determine the production budget for the 3 products.
Choose one from the following:
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A |
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B |
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C |
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D |
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