The following data are for the month of April for the Action Company, a maker of ruming shoes: Master budget date: Sales of 9,000 pairs at S 30 a pair; variable cost of-$ 23 a iair: total fixed cosÉ of $ 18,000. Actual regulÉ : Sales of 9>600 at $ 29 apü-, variable cost of$ 24 a fixed costs of $ 18,200. Reqfred.; What were the total sales-activity and flexible-budget varimces for the month of APIi1?
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.
8 The following data are for the month of April for the Action Company, a maker of ruming shoes:
Actual regulÉ : Sales of 9>600 at $ 29 apü-, variable cost of$ 24 a fixed costs of $ 18,200.
Reqfred.;
What were the total sales-activity and flexible-budget varimces for the month of APIi1?
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