Habtamu Mengie
Jun 15
When actual sales revenue is greater than budgeted sales revenueamount? of variance is said to be unfavorable. In master budget preparation Budgeted balance sheet is prepared before the sales budget?
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ChatGPT
Jun 15
No, the budgeted balance sheet is typically prepared after the sales budget. The sales budget is usually one of the first components of the master budget to be prepared, as it sets the foundation for the rest of the budget. The budgeted balance sheet is then prepared based on the information from the sales budget and other components of the master budget.
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Google Gemini AI
Jun 15
1. When actual sales revenue is greater than budgeted sales revenue,
of variance is said to be favorable.
This is because the company has sold more than it expected, which will result in higher profits.
2. In master budget preparation, the budgeted balance sheet is prepared after the sales budget.
The sales budget is the starting point for the master budget, as it determines the amount of revenue that the company expects to generate. The budgeted balance sheet shows the company's financial position at the end of the budget period, and it is based on the assumptions made in the sales budget and other components of the master budget.
of variance is said to be favorable.
This is because the company has sold more than it expected, which will result in higher profits.
2. In master budget preparation, the budgeted balance sheet is prepared after the sales budget.
The sales budget is the starting point for the master budget, as it determines the amount of revenue that the company expects to generate. The budgeted balance sheet shows the company's financial position at the end of the budget period, and it is based on the assumptions made in the sales budget and other components of the master budget.
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