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Sales Budget Assignment | Top Universities

prepare a sales budget, including a schedule of expected cash collection e ) prepare a production budget. g ) prepare a direct material budget, including a schedule of expected cash disbursements for purchases of materials. Question 3 (10 Marks) Bawadi Nursery generates revenues through offering kindergarten services. During February 2019, the Nursery budgeted for 3.300 children. The actual number of children were, however, 3,340.

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The Nursery has provided you with the following budget data for February: Variable Fixed clement element per child per month Revenue $23.60 Wages and $3,500 salaries Foods and supplies Facility expenses Administrative $7.20 1,500 13.3 9,500 4.7 6,800 0.40 expenses Total expenses $37,200 $11.10 Students 3.300 The actual results for February were as follows: Revenue $124,830 Wages and salaries $28,818 Foods and $44.652 supplies Facility $24,218 expenses Administrative $7,886 expenses Students 3,340 Required: Prepare a planned budget (static budget) for Bawadi Nursery for February (2 Marks) a. Prepare a performance report for revenue and spending variances for February indicating whether (7 Marks) b. they are Favourable (F) or Unfavourable (U). When is a planned budget (static) performance report useful for assessing performance? (1 Mark) 10 Ans. Get Accounting Homework Help Today

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