Budget for the month of January 2020: beginning FG is 50,000 units; Sold units totaled 80,000 units and Ending FG in units is 40,000.Budgeted Cost of production are: DM is 20 per unit; DL of 30 per unit and VOH is 15 per unit. Budgeted FOH is 90,000.What is the budgeted production cost?
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.
Budget for the month of January 2020: beginning FG is 50,000 units; Sold units totaled 80,000 units and Ending FG in units is 40,000.Budgeted Cost of production are: DM is 20 per unit; DL of 30 per unit and VOH is 15 per unit. Budgeted FOH is 90,000.What is the budgeted production cost?
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