10. Gallagher Company Fixed Overhead Budget: Machine hour capacity: unit: Standard MH per $140,280. 20,040 hours. 0.10 MH. Actual Fixed Overhead Cost:$136,000 Actual number of Units: 210,000 units What is Gallagher's fixed overhead budget variance? What is Gallagher's fixed overhead volume variance?
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.
Please do not give solution in image format thanku
Step by step
Solved in 3 steps
