11. Highjinks, Incorporated, has provided the following budgeted data: Sales Selling price Variable expense Fixed expense 20,000 units $100 per unit $ 70 per unit $50,000 How many units would the company have to sell in order to have a net operating income equal to 5% of total sales dollars? a) 18,000 units b) 20,000 units c) 15,333 units d) 14,286 units
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.
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