Juitty J. 0argin of Safety Ratio 4. Mahjong Co. produces and sells two products, tables and chairs. Following is next month's income budget Sales in units Chairs Tables Total 600 150 750 Sales P 1,200.00 P 187.50 P 1,387.50 VC 1,050.00 112.50 1,162.50 CM 150.00 75.00 225.00 FX 90.00 NI 135.00 Required: How many units of tables should be sold next month to break even? b. How many units of chairs should be sold to earn a profit of P150 How many units of chairs should be sold to earn a profit of P100 net of 30% tax? a. С.
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.
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