) Determine the 2019 budgeted direct-cost rate per hour of professional labor. Show all workings. (b) Determine the 2019 budgeted indirect-cost rate per hour of professional labor. Show all workings. (c) AAC is considering bidding on two (2) jobs: Job Raya: Litigation work for Raya Construction Sdn Bhd (RCSB), which requires 120 budgeted hours of professional labor. Job Perkasa: Labor contract work for Perkasa Development Sdn Bhd (PDSB), which requires 160 budgeted hours of profe
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.
a) Determine the 2019 budgeted direct-cost rate per hour of professional labor. Show all workings.
(b) Determine the 2019 budgeted indirect-cost rate per hour of professional labor. Show all workings.
(c) AAC is considering bidding on two (2) jobs:
- Job Raya: Litigation work for Raya Construction Sdn Bhd (RCSB), which requires 120 budgeted hours of professional labor.
- Job Perkasa: Labor contract work for Perkasa Development Sdn Bhd (PDSB), which requires 160 budgeted hours of professional labor.
Determine the estimated cost for each Job Raya and Job Perkasa. Show all
workings
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