$22 06 Corp's cost formula for its scuba diving operating cost is $2,910 per month plus $321 per scuba diving-day. For the month of April, the company planned for activity of 16 scuba diving-days, but the actual level of activity was 14 scuba diving-days. The J P 3's actual scuba diving operating cost for the month was $8,320. (I spending variance for scuba diving operating cost in April would be closest to Q. 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.
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