Fly Pattaya is a company that provides diving service such as underwater ship repairs to clients in the Pattaya area. Fly Pattaya measures its level of activity by the number of diving-hours (DH). Fly Pattaya's cost formula for its wages and salaries cost is an follows: $12,000+ $120.00* DH The company expected to work 260 driving-hours in March, but it actually worked 240 diving-hours. What is the activity variance for the wages and salaries cost for March? O $1,200 U O Not enough information given O $28,800 U O $300,000 F O $1,200 F O $2,400 U $300,000 U $28,800 F $2,400 F
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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