Miguel Corporation budgets fixed expenses of Php250,000: variable expenses of Php180,000 and a sale of 15,000 units for Php28 each. If the Company could increase its selling price by Php2 each and decrease its variable expenses to Php150,000, the number of units to be sold in order to breakeven would be
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.
Miguel Corporation budgets fixed expenses of Php250,000: variable
expenses of Php180,000 and a sale of 15,000 units for Php28 each. If the
Company could increase its selling price by Php2 each and decrease its
variable expenses to Php150,000, the number of units to be sold in order
to breakeven would be
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