NextGen Ltd. has budgeted the following for the next financial year:

Particulars	Amount (₹)
Sales Revenue	35,00,000
Variable Costs	21,00,000
Fixed Costs	7,00,000
Desired Profit	4,00,000

1. PREPARE the budgeted income statement.
2. CALCULATE the break-even point in units.
3. ANALYZE the impact on the break-even point if variable costs increase by 12%.
4. EVALUATE the effect of increasing sales revenue by 6% on the desired profit.
5. DISCUSS the significance of budgeting in financial management.