Crest Company's production budget for May, June, and July calls for 900, 1,000, and 1,100 units, respectively. Budgeted unit product cost formulas include direct materials, $24 per unit; direct labor, $36 per unit; manufacturing overhead, $20,000+ $12 per unit. If actual production in June is 975 units, what is the total budgeted product cost amount that will be compared to June's actual production cost incurred to determine any budget variance for June. Multiple Choice O $84,800 $90,200 $92,000 $99,200
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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