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What is the significance of sales budget in an enterprise?
Sales budget is the starting point of budgeting process because it provides the all important figure of budgeted sales data for production budgets and for all other budgeted financial statements.
Is the budgeted income statement prepared before the sales budget?
Budgeted income statement is prepared at the last after preparing all other budgets and sales budget is the starting point of budgeting process.
Can someone help me solve this breakeven problem The break-even sales revenue for a product costing 25 per unit is 550000 If budgeted sales are 10000 units what is the margin of safety?
Budgeted sales = 10000 * 25 = 250000 breakeven sales = 550000 margin of safety = 550000 - 250000 = -300000
How do you find desired ending inventory?
fixed percent times preceding year's budgeted sales
What does our sales are 50k adverse to budget mean?
It means that actual sales are 50K less then what set by management budgeted at planning or budgeting stage.
How do you get sales?
Budgeted sales are estimated sales dependant on marketing research studies or past customer demands.
What is the significance of sales budget in an enterprise?
Sales budget is the starting point of budgeting process because it provides the all important figure of budgeted sales data for production budgets and for all other budgeted financial statements.
Is the budgeted income statement prepared before the sales budget?
Budgeted income statement is prepared at the last after preparing all other budgets and sales budget is the starting point of budgeting process.
What is the reason for multiplying the sales quantity variance by the budgeted sales price even if the actual sales volume was sold at a different price?
for profit.........
Can someone help me solve this breakeven problem The break-even sales revenue for a product costing 25 per unit is 550000 If budgeted sales are 10000 units what is the margin of safety?
Budgeted sales = 10000 * 25 = 250000 breakeven sales = 550000 margin of safety = 550000 - 250000 = -300000
How do you find desired ending inventory?
fixed percent times preceding year's budgeted sales
What does our sales are 50k adverse to budget mean?
It means that actual sales are 50K less then what set by management budgeted at planning or budgeting stage.
The budgeted selling price for a staple is 10 per staple and the variable ragte is 5 per staple and budgeted fixed costs are 12000 what is the budgeted operating income for 5000 staples?
Sales revenue (5000 * 10) 50000Less:Variable Cost (5000 * 5) 25000Contribution margin 25000Less:Fixed Cost 12000Operating Income 13000
How do you do a budgeted income statement for a merchandising firm?
To do a budgeted income statement for a merchandising firm you will need to look over their sales budget and cash budget. You will also need to prepare a finished goods inventory and come up with an administrative expense budget.?æ
What causes the difference between actual and budgeted gross profit?
Budgeted gross profit is the expected profit amount before the start of production run while actual gross profit is the actual amount of profit which company earns after the production and sales of product.
What does a budgeted income statement consist of?
budgeted depreciation
What does a sales volume variance measure?
A sales volume variance measures the difference between the actual quantity of units sold and the budgeted quantity of units sold, multiplied by the standard selling price. It indicates the impact of changes in sales volume on a company's revenue and is used to assess the effectiveness of sales strategies and forecasts.
