Production and sales estimates for June for Robin Co. are as follows: Estimated inventory (units), June 1 8,000 Desired inventory (units), June 30 9,000 Expected sales volume (units): Territory X 4,000 Territory Y 10,000 Territory Z 6,000 Unit sales price $25 The budgeted total sales for June is a.$500,000 b.$525,000 c.$200,000 d.$225,000
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.
Production and sales estimates for June for Robin Co. are as follows:
| Estimated inventory (units), June 1 | 8,000 |
| Desired inventory (units), June 30 | 9,000 |
| Expected sales volume (units): | |
| Territory X | 4,000 |
| Territory Y | 10,000 |
| Territory Z | 6,000 |
| Unit sales price | $25 |
The budgeted total sales for June is
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