Roshardying Fleible Budget Pefomance Repot For the Month Ended March 31 Revenue and O Spending Acity Actual Varinces Rexble Verinces Paning Results (0-0 Budget 2-9) Budget Client-vits 1,100 1,00 1,00 Rasenue $180.0). $194,200 $3.800 U $198000 $18,000 F $1800 Epersesr Wagesad sarie 6500 $370. Haistigspie $150). 106,900 1,00 U 105,700 3700 U 102000 ..... 1,620 30 F 1,60 150 U 1,500 410 U 4,100 6870 2360 U 4,510 Becicty $1,00 $0.0). Rert (2,50). Labity isuance $2.0. Emplyee heath isuance $21,30) Miscelaneus $1.200 $20). 1,50 60 F 1,510 10 U 1600 28,00 0 2,500 28,00 2,800 2.00 2,600 1,300 U 21300 710 U 1420 2,800 21,300 2,130 20 U 1,00 Totalexense. 172,970 5.480 U 167490 4290 U 163200 Net opeaing home. $ 21.30 $9.280 U $30510 $13.710 F $ 16,800
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.
Prepare a Flexible Budget Performance Report
Required:
Using Exhibit 9–8 as your guide, prepare a flexible budget performance report that shows the company’s revenue and spending variance and activity variances for august.
Exhibit 9–8 Performance Report Combining Activity Variances with Revenue and Spending Variances
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