Snyders Kennel uses tenant-days as its measure of activity, an animal housed in the kennel for one day is counted as one tenant-day. During October, the kennel budgeted for 2,600 tenant.days, but its actual level of activity was 2,610 tenant-days. The kernel has provided the following data concerning the formulas to be used in its budgeting:     Fixed element per month Variable element per tenant-day Revenue - 27.20 Wages and salaries 3300 5.20 Expendables 800 9.40 Facility expenses 8600 2.40 Adminstrative expenses 6600 0.30 Total Expenses 19300 17.30 The activity variance for wages and salaries in October would be closest to: Select one: a. $52 U b. $652 F c. $52 F d. $652 U

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Q: None

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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.