15,000 units sales volume to see if you get the same income as stated above Find the breakeven point and provide the
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.
Phoenix Company’s 2019
- Organize a template for variable costing income statements in which the sales volume is a variable.
- Test your template for 15,000 units sales volume to see if you get the same income as stated above
- Find the breakeven point and provide the income statement at break even
- Provide income statement at sales volume 12,000, 14,000, 16,000, and 18,000
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