Revenue Forecast: S1,200,000 Variable Expense Cost Historical Expense Percentage 2.8% Target Expense Percentage Variable Еxpense Forecast Marketing 3.0% Glassware 0.25 0.15 Paper products 0.25 0.25 Linens 1.0 0.75 0.50 0.25 Flowers and decorations Kitchen utensils 0.25 0.25
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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