Direct labor cost budget Quetzaltenango Candle Inc. budgeted production of 60,000 candles for March. Each candle requires molding. Assume that five minutes are required to mold each cand If molding labor costs $13 per hour, determine the direct labor cost budget for March Quetzaltenango Candle Inc. Direct Labor Cost Budget For the Month Ending March 31 Hours required for molding: Candles Convert minutes to hours Molding hours Hourly rate Total direct ect lab labor cost min. min. hrs.
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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