Budget information Budgeted sales in cases... Packaging cost per case... Shipping expense per case Sales commission expense Salaries expense Office rent Depreciation Insurance expense Office supplies expense Print S 9,100 cases 1 2 5% of sales price 6.500 3,900 2,500 1,800 900 Dono Actual expenses Packaging cost Shipping expense.. Sales commission expense. Salaries expense..... Office rent.. Depreciation Insurance expense.. $ 10,600 S 19,500 $ 12,760 $ 7,300 $ 3,900 $ $ $ 2,500 1,600 1,600 Office supplies expense During the year, Main Street Muffins actually sold 9,500 cases, resulting in total sales revenue of $255,200. - X Requirement Construct a flexible budget performance report for Main Street Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done
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.
26
per case. The following information relates to the budget for
![Budget information
Budgeted sales in cases.......
Packaging cost per case..... $
Shipping expense per case.
$
Sales commission expense
Salaries expense
Office rent..
Depreciation
Insurance expense
Office supplies expense
Print
$
$
$
$
$
9,100 cases
Done
1
2
5% of sales price
6,500
3,900
2,500
1,800
900
Actual expenses
Packaging cost..
Shipping expense
Sales commission expense.
Salaries expense.
Office rent
$ 10,600
$
19,500
12,760
$
$ 7,300
$
3,900
Depreciation
$
Insurance expense
$
2,500
1,600
1,600
Office supplies expense
$
During the year, Main Street Muffins actually sold
9,500 cases, resulting in total sales revenue of
$255,200.
- X
Requirement
Construct a flexible budget performance report for Main Street Muffins for the year.
Be sure to indicate whether each variance is favorable (F) or unfavorable (U).
Print
Done](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F780c9491-1204-4f0f-a5dd-b48ba6d86770%2Fe4b2b5f3-bbdc-489d-a34e-5707da7a690b%2Fgladkm8_processed.png&w=3840&q=75)
![Main Street Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Main Street Muffins for this year (all figures are annual totals
unless otherwise noted):
View the budget information
View the actual expenses (in total) from this year.
Read the requirement.
(Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U), in the input field after the amount you enter. If the variance is 0, make sure to enter in a "0". A variance of zero is
considered favorable.)
Sales revenue
($26 per case)
Main Street Muffins
Flexible Budget Performance Report - Sales and Operating Expenses
For the Year Ended December 31
Actual
9,500 cases
Flexible
Budget
Variance
Flexible
Budget
9,500 cases
*****
Volume
Variance
Master
Budget
9,100 cases](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F780c9491-1204-4f0f-a5dd-b48ba6d86770%2Fe4b2b5f3-bbdc-489d-a34e-5707da7a690b%2Fdg56hxs_processed.png&w=3840&q=75)
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