Bickel Corporation uses customers served as its measure of activity. The following report compares the planning budget to the actu operating results for the month of November Bickel Corporation Comparison of Actual Results to Planning Budget For the Month Ended November 30 Actual Results 26,240 $ 93,700 Customers served Revenue ($3.60q) Expenses: Wages and salaries ($23,800+ $1.20g) Supplies ($0.50g) Insurance ($ 7,300) Miscellaneous expense (56,100 $0.40q) Total expense Net operating income 50,500 14,600 7,200 13,500 81,000 $ 7,900 Planning Budget 26,600 $ 96,400 57,000 14,100 7,300 19,300 94,500 $ 6,700 Variances $5,900 U 4,900 F 2,100 U 100 None 4,200 F 7,100 F $ 2,800 F equired: epare the company's flexible budget performance report for November. Label each variance as favorable (F) or unfavorable (L ote: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., z ariance). Input all amounts as positive values.

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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.