Consider the following data for Morethanmoney Ltd.
Standard revenue per unit $10.00
Budgeted sales volume 5,000
Actual sales volume 5,500
Total standard cost per unit $8.00
The budgeted revenue for Morethanmoney Ltd is:
A) $55,000
B) $50,000
C) $10,000
D) $11,000

Question

Consider the following data for Morethanmoney Ltd.
 Standard revenue per unit $10.00
Budgeted sales volume 5,000
Actual sales volume 5,500
Total standard cost per unit $8.00
The budgeted revenue for Morethanmoney Ltd is:
A) $55,000
B) $50,000
C) $10,000
D) $11,000

Quizplus · Accepted Answer

The budgeted revenue is calculated by multiplying the standard revenue per unit by the budgeted sales volume: $10.00 * 5,000 = $50,000.

Consider the Following Data for Morethanmoney Ltd