16) Corp applies O/H at a budgeted indirect-cost rate of $18 per DLH. The following data apply to June 2014: Direct materials $140,000 Direct labor (4,000 hours @ $10/hour) Indirect labor 13,000 40,000 Plant facility rent 30,000 Depreciation on plant machinery and equipment Sales commissions 24,000 Administrative expenses 28,000 22,500 The amount of O/H allocated to all jobs during June 2014 is how much?
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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