At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $30000. At 20000 direct labor hours, a horizontal line drawn from the total budgeted cost line intersects the vertical axis at $210000. Total fixed costs and unit variable costs are: O$180000 fixed plus $2 per direct labor hour variable. O$30000 fixed plus $9 per direct labor hour variable. O $180000 fixed plus $9 per direct labor hour variable. O $30000 fixed plus $11 per direct labor hour variable.
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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