he following data were collected by Allegro Company for the month of March: Static budget data: Sales 9,000 units @ $30/unit Unit variable cost $23 per unit Total fixed costs $18,200 Actual results: Sales 9,600 units @ $30/unit Unit variable costs $24 per unit Total fixed costs $18,200 What is the flexible budget operating income? Multiple Choice a)$39,400 b)$9,600 c)$44,800 d)$49,000
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.
14.
he following data were collected by Allegro Company for the month of March:
|
Static budget data: |
|
|
Sales |
9,000 units @ $30/unit |
|
Unit variable cost |
$23 per unit |
|
Total fixed costs |
$18,200 |
|
Actual results: |
|
|
Sales |
9,600 units @ $30/unit |
|
Unit variable costs |
$24 per unit |
|
Total fixed costs |
$18,200 |
What is the flexible budget operating income?
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