s and uses two activity measures for its costs: the miles driven and the number of customer order. any reported the following information: Budgeted Actual $13,070 $ 26 per mile $ 14 per order $ 25 $ 13 Budgeted 74 480 Actual 64 miles 460 orders $ 294 Unfavorable d fixed cost per month? ariance for the month?
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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