Coroid Corporation used the following data to evaluate their current operating system. The company sells items for $12 each and had used a budgeted selling price of $13 per unit. Budgeted Actual 290,000 unite 270,000 units $900,000 163,000 Units sold Vanable coste FINed costs $006,000 $47,000 What is the static-budget variance of variable costs? O $94,000 favorable Ou0 000 unfavorable
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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