Budgeted results and actual results for September are shown below. Fixed budget Actual 12,000 units 11,200 units $ $ Sales 600,000 571,200 Direct costs (144,000) (145,600) Fixed costs (70,000) (69,500) Profit/(loss) 386,000 356,100 What is the profit for the flexed budget? A $360,267 B $355,600 C $356,100 D $425,600
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.
Budgeted results and actual results for September are shown below.
Fixed budget Actual
12,000 units 11,200 units
$ $
Sales 600,000 571,200
Direct costs (144,000) (145,600)
Fixed costs (70,000) (69,500)
What is the profit for the flexed budget?
A $360,267
B $355,600
C $356,100
D $425,600
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