Oriole and Company makes and sells high-quality glare filters for computer monitors. John Stanford, controller, is responsible for preparing Oriole's master budget. He has received the following sales forecast for the coming year from the sales manager.       January   February   March   April     Forecasted unit sales   21,400   24,000    18,600   24,900         Sales price per unit   $99   $99    $99   $94        Prepare Oriole's sales budget for the first quarter.     January February March Quarter Budgeted units sold           Budgeted sales price   $   $   $   $   Budgeted revenue   $   $   $   $

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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.