Business Studies For Dummies by Richard Pettinger
Author:Richard Pettinger
Language: eng
Format: mobi
Publisher: Wiley
Published: 2013-11-06T14:00:00+00:00
• Sales budget: This budget is an estimate of the quantity of goods and services that an organisation will sell during a specific period of time. In the case of products, you can determine total revenue by multiplying the total number of units projected to be sold by the price per unit.
• Production budget: The production budget starts with the sales budget and its estimates of the total number of units projected to be sold. This budget then translates this information into estimates of the cost of staff, materials and other expenses required to produce these units.
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