Question

       As a contrast, prepare a thorough budget for the total revenue/cost as per the Management Accounting subject you are now studying and for which you are completing this assignment. This can include a revenue line where your revenue can be assumed to be 20 percent higher than your costing.

Costing can be in terms of 10-15 different costs inspired by any annual report you deem comparable to an academic institution.

*Please use Excel, charts or any other graphical device (e.g. PowerPoints) you deem necessary for presenting your figures clearly.                                                                       

Here’s an example of how you can present the income statement:

			Budget $$
Revenue			xxx
	Income stream A		xxx
	Income Stream B		xxx
Operating Expenses
	Cost A		xx
	Cost B		xx
	Cost C		xx
	(Use as many categories as you deem necessary)
Operating income			x
Other income/Expenses
	Cost d		x
	cost e		x
			x
Net Income			x

Answer 1

Solution :- Budgeted Income Statement are as follows :-