Using the following budgeted information for production of 11,000 and 16,000 units, prepare a flexible budget for 19,000 units. Production 11,000 units 16,000 units Expense A $18,700 $27,200 Expense B 19,000 19,000 Expense C 42,000 42,000 Total expenses $fill in the blank 1
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.
Using the following budgeted information for production of 11,000 and 16,000 units, prepare a flexible budget for 19,000 units.
| Production | 11,000 units | 16,000 units |
| Expense A | $18,700 | $27,200 |
| Expense B | 19,000 | 19,000 |
| Expense C | 42,000 | 42,000 |
Total expenses $fill in the blank 1
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