Donkey Company expects direct materials cost of OMR 6 per unit for 100,000 units (a total of OMR 600,000 of direct materials costs). Donkey's standard direct materials cost and budgeted direct materials cost is Standard OMR 6 per unit OMR 6 per unit c. OMR 600,000 per year d. OMR 600,000 per year Budgeted OMR 600,000 per year OMR 6 per unit OMR 6 per unit OMR 600,000 per year a. b. Answer
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.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
