85. The direct materials budget details 1. the quantity of direct materials to be purchased. 2. the cost of direct materials to be purchased A) neither I nor 2 B) 1 C) both I and 2
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.
![85. The direct materials badget details
1. the quantity of direct materials to be purchased.
2.
the cost of direct materials to be purchased
A) neither 1 nor 2
B) I
C) both I and 2
D) 2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8e53a4f7-d9a0-4f8d-969c-41a8a4a04907%2F8ab849dc-acd9-4ce7-a84a-99db754a3435%2Fmkwajkd_processed.jpeg&w=3840&q=75)
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