Budgeted standard hours were A 420 B 510 C 630 D 1,300
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.
In a given week, a factory has an activity level of 120% with the following output:
Units Standard minutes each
Product A 5,100 6
Product B 2,520 10
Product C 3,150 12
The budgeted direct labour cost for budgeted output was £2,080.
Budgeted standard hours were
A 420
B 510
C 630
D 1,300
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