Quiz 8: Budgeting for Planning and Control
The information of FlashKick Company manufacturing soccer balls is provided 1.The sales budget for FlashKick for the first three months of the coming year is as follows: 2.If the new product line of tournament ball is added then the sales budget for the first three months in the first quarter is:
Budget- Budget is a numeric statement approach, it prepared for specific objectives and time or period. In other words, budget is a help to forecast the future. Budget helps for planning in all the functional areas of a concern, and also helps to make decision in the managerial level, top level, middle level and lower level (supervisory level)
The information of FlashKick Company manufacturing soccer balls is provided in the cornerstone exercise 8.1 1.Given that the ending inventory of the product is 20% of the next month's unit sales. Given: The production budget for each of the two product lines for FlashKick for the first three months of the coming year is as follows: 2.To construct a production budget for April, the projected sale of May is required. This is because the ending inventory is calculated as 20% of the sales of the next period.