Problem:
Explain the major components, advantages, and disadvantages of a master budget.
Assess the risks associated with sales forecasting.
Construct an activity-based flexible budget.
You are the analyst for Guillermo Furniture Store. You are asked to revise the store's flex budget by using Excel. Assume Guillermo continues doing business as is.
Create a revised flex-budget in a Microsoft Excel spreadsheet for the Guillermo Furniture Store.