10-Johnson LLC has prepared a budget for the production of 100000 units. The total cost per unit as per the original budget OMR 27.02 and the total cost per unit as per the revised budget of 150000 units is OMR 36.20. If the total cost of production for revised budget is OMR 4,400,000, find out the fixed sales overheads if 50% of the total sales overheads are fixed. a. None of the given answers b. OMR 500000 c. OMR 1,030,000 d. OMR 515000
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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