James Manufacturing had the following information available for July: Actual Results 13,800 ? Units Sales revenue Less: Variable manufacturing costs Variable marketing and administrative Contribution margin What was James's master budget sales revenue? Multiple Choice $232,800 $165,600 $174,800 $200,000 $ 95,750 ? $ 53,600 Flexible Budget Variance $ 13,800 F $ 3,650 U ? Flexible Budget ? ? $ 99,000 ? ? Sales Activity Variance 5,600 U ? ? $4,400 F $ 6,400 U Master Budget ? ? $ 155,400 $ 30,800 ?
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.
Vala
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
