$[$ Select $]$

is an important in predicting how costs and sales

levels affect profitability.

$[$ Select $]$

is the formal plans of the company expressed

monetarily.

A

$[$Select $]$

is a formal comprehensive plan for a company's

future. It contains several individual budgets that are linked together to form a

coordinated plan, the first budget prepared is the

$[$Select $]$

budget.

A

$[$ Select $]$

compares actual performance and budgeted

performance based on actual sales volume $($or other activity level$).$

A

$[$Select $]$

budget is based on a single predicted amount of

sales or other activity measure.