1.2) Administrative salaries Freight in and out Depreciation Ducan Steel Products Manufacturing Overhead Budget Quarter 1 R150,000 9,000 20,000 Quarter 2 R152,000 9,000 20,000 Quarter 3 R154,000 R160,000 11,000 Quarter 4 19,000 11,000 22,000 1.2.1) Analyse the following costs in the Manufacturing Overhead Budget. Further for each cost provide improvements that could be made if possible to improve the budget.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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