Based on a predicted level of production and sales of 23,100 units, a company anticipates total variable costs of $103,950, fixed costs of $31,100, and operating income of $63,610. Based on this information, the budgeted amount of sales for 21,100 units would be: Multiple Choice O O O $217,490. $181,460. $198,660. $123,357. $147,851.
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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