Asked by
Autumn Eyman
on Oct 15, 2024Verified
In this type of budget,the master budget is based on a single prediction for sales volume,and the budgeted amount for each cost essentially assumes that a specific amount of sales will occur:
A) Sales budget.
B) Standard budget.
C) Flexible budget.
D) Fixed budget.
E) Variable budget.
Master Budget
A comprehensive financial planning document that combines all of the individual budgets related to sales, cost of goods sold, operating expenses, and other activities into one consolidated plan.
Sales Volume
The quantity of products or services sold by a company within a specific period.
- Acquire knowledge about the disparities between fixed and variable budgets and their specific purposes within financial planning.
Verified Answer
PC
Learning Objectives
- Acquire knowledge about the disparities between fixed and variable budgets and their specific purposes within financial planning.