The following is a partial performance report for a revenue center for the Northeast Division of Flower City Restaurants. View the financial results. a percent, X.X%. Label each variance as favorable (F) or unfavorable (U).) Financial results Financial results Product Food Dessert Bar Catering 3 C Flower City Restaurants Sales Revenue - Northeast Division For the Month Ended June 30 Actual Sales Budgeted Sales Variance $ 166,420 $ 157,000 ? 21,200 20,000 ? 71,550 67,500 ? 53,025 52,500 ? Variance Percentage ? ? ? ?
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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