Pallas Ltd provides the following budgeted information Sales revenue $1,000,000 Total variable costs $300,000 Total fixed costs $250,000 Required Calculate, to the nearest whole dollar, the break-even level of sales revenue.
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.
![Pallas Ltd provides the following budgeted information:
Sales revenue $1,000,000
Total variable costs $300,000
Total fixed costs $250,000
Required
Calculate, to the nearest whole dollar, the break-even
level of sales revenue.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d964191-12da-4f40-a13d-1d61ae9eb6be%2F61e3cb83-8e77-4bc7-ad25-e422d53912b5%2F7ix815v_processed.png&w=3840&q=75)
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