Delaware Corp. prepared a master budget that included $16,120 for direct materials, $36,270 for direct labor, $18,135 for variable overhead, and $39,600 for fixed overhead. Delaware Corp. planned to sell 4,030 units during the period, but actually sold 4,330 units. What would Delaware's total costs be if it used a flexible budget for the period based on actual sales? (Do not round your intermediate calculations. Round your final answer to the nearest dollar amount.) Multiple Choice $115,375 $110,815 $103,873 $118,278
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.
![Delaware Corp. prepared a master budget that included $16,120 for direct materials, $36,270 for direct labor, $18,135 for variable overhead, and $39,600
for fixed overhead. Delaware Corp. planned to sell 4,030 units during the period, but actually sold 4,330 units. What would Delaware's total costs be if it
used a flexible budget for the period based on actual sales? (Do not round your intermediate calculations. Round your final answer to the nearest
dollar amount.)
Multiple Choice
$115,375
O $110,815
O
$103,873
$118,278](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1e1d114-cba9-4c4f-a9ab-1a346fb28105%2F3bde2dd9-047e-4662-bde2-a33ce2d75ecb%2Fhjv20sm_processed.jpeg&w=3840&q=75)
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