Down Under Products, Ltd., of Australlia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April 84,000 Мay 98, 000 June 124,000 July 97,000 The company is now In the process of preparing a production budget for the second quarter. Past experlence has shown that end-of- month Inventory levels must equal 20% of the following month's unit sales. The Inventory at the end of March was 16,800 units. Required: Prepare a production budget by month and in total, for the second quarter. Down Under Products, Ltd., Production Budget April May June Quarter Budgeted unit sales Total needs Required production in units

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A:

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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.