JESTION 17 Richmond Manufacturing has budgeted the following amounts for its next fiscal year: $410,000 Total fixed expenses Selling price per unit $100 Variable expenses per unit $30 To maintain the original breakeven sales in units if fixed expenses were to increase by 30%, the selling price per unit would have to be O decreased by 61.00%. O increased by 21%. O increased by 61.00% O decreased by 21%.
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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![QUESTION 17
Richmond Manufacturing has budgeted the following amounts for its next fiscal year:
Total fixed expenses
Selling price per unit
$410,000
$100
$30
Variable expenses per unit
To maintain the original breakeven sales in units if fixed expenses were to increase by 30 %, the selling price per unit would have to be
O decreased by 61.00%.
O increased by 21%.
O increased by 61.00%
O decreased by 21%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d890ea1-0dbe-43c1-a3f1-ec1a8bb17507%2Fdfe819d2-f1f8-4bd8-99a8-7100dcf3b6f1%2F3t3l9lo_processed.jpeg&w=3840&q=75)
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