The following data are available for the most recent year of operations for Prest Products. The revenue portion of the sales activity variance is $225,000 U. Master budget based on budgeted sales of 45,000 units: Revenue Materials Labor Variable manufacturing overhead and administrative costs Fixed manufacturing overhead and administrative costs Required: a. How many units were actually sold in the most recent period? b.Prepare a sales activity variance for the most recent year for Prest Products. Complete this question by entering your answers in the tabs below. Required A $1,500,000 510,000 375,000 75,000 180,000 Required B Prepare a sales activity variance for the most recent year for Prest Products. (Indicate the effect of each variance by solocting "F" for favorable or "II" for unfavorable. If there is no offect do not solert oither option
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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