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if a company plans to sell 48,000 units of product but sells 60,000, the most appropriate comparison of the cost data associated with the sales will be by a budget based on



Answer :

The cost data associated with the sales will be by a budget based on 60,000 units of activity.

What is a Budget?

Budgets are used by governments, businesses, and individuals to estimate revenue and expenses over a specified period of time. Any financial endeavor is greatly enhanced by having a budget for a defined period, usually a year. In order for a company to operate efficiently, it needs a budget.

A budget can help set goals, measure outcomes, and plan for contingencies in addition to earmarking resources. Individuals and families can benefit greatly from personal budgets in managing their finances both short and long term.

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