Heble budget for selling and administrative expenses for a service company Digital Solutions Inc. uses flexible budgets that are based on the following data: Sales commissions Advertising expense Miscellaneous administrative expense Office salanes expense Customer support expenses Research and development expense Prepare a flexible selling and administrative expenses budget for October for sales volumes of $400,000, $500,000, and $600,000. (Use Exhibit 4 as a model) Digital Solutions Inc. Flexible Selling and Administrative Expenses Budget- For the Month Ending October 31 Line Item Description Total sales Variable cost Total variable cost 15% of sales 20% of sales $5,000 per month plus 12% of sales $28,000 per month $13,000 per month plus 20% of sales $32,000 per month fined cost Amount Amount Amount $400,000 $500,000 $600,000 Q0000 QO000 (

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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.