sume a company's sales budget for April and May is 31,000 units and 33,000 units, respectively. Its production budget for the same two Onths is 28,000 units and 29,000 units, respectively. Each unit of finished goods required 6 pounds of raw materials. The company always aintains raw materials inventory equal to 30% of the following months production needs. so assume the company pays $2.00 per pound of raw material. It always pays for 60% of its raw material purchases in the month of urchase and the remainder in the following month. The accounts payable balance on March 31st is $131,000. What would be the accounts ayable balance at the end of April? Multiple Choice $208,760

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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.