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    bvillagomez's Avatar
    bvillagomez Posts: 2, Reputation: 1
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    #1

    Nov 29, 2006, 04:55 AM
    Forcasting budget
    I need to analyze 3 months forecast budget, what informations should I provide first to begin my analysis?

    Problem: I need to prepare a master budget for 3 months on merchandise purchases budget.What information do I need to lay out to start my planning?
    bvillagomez's Avatar
    bvillagomez Posts: 2, Reputation: 1
    New Member
    		  
    #2

    Nov 29, 2006, 05:06 AM
    1. Company 1- purchased a product for $30.00, resold it for $55 per unit. Expected
    Inventory level of 2500 units on Dec. 31, 2005, is more than management's
    Desired level for 2006, which is 20% of the next month's expected sales (in
    Units). Expected sales are: Jan. 3500 units; Feb. 4500 units; Mar. 5500 units;
    And April 5000 units.

    I need to prepare a master budget for each of the first three months of 2006 for Monthly sales budgets showing the unit sales and dollar sales?
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