Bailey Manufacturing Co.'s static budget at 14,000 units of production includes $64,000 for direct labor and $6,400 for electric power (which is considered variable and not mixed). Total fixed costs are $21,000. At 19,000 units of production, a flexible budget would show a. variable costs of $95,570 and $38,000 of fixed costs. b. variable and fixed costs totaling $133,570. c. variable costs of $95,570 and $21,000 of fixed costs. d. variable costs of $70,400 and $21,000 of fixed costs.
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.
Subject - account
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