Bramble Corp. prepared a 2022 budget for 228000 units of product. Actual production in 2022 was 160000 units. To be most useful what amounts should a performance report for this company compare? The actual results for 160000 units with the original budget for 228000 units. The actual results for 160000 units with a new budget for 160000 units. O The actual results for 160000 units with last year's actual results for 167600 units. O All of these comparisons are equally useful.
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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