Prestridge Corporation is a service company that measures its output by the num and variable cost estimates that it uses for budgeting purposes and the actual res Revenue Employee salaries and wages Travel expenses Other expenses Fixed Element per Month Variable Custom $ $ 41,500 $ SA $ 38,900 When the company prepared its planning budget at the beginning of August, it a customers were actually served during August. The spending variance for total expenses for August would have been closest to
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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