Green Garden Supply budgeted three hours of direct labour per unit at $20.00 per hour to produce 500 units of product. The 500 units were completed using 1,600 hours of direct labour at $20.50 per hour. What is the direct labour price variance at Green Garden Supply? OA. $800 favourable OB. $750 unfavourable OC. $800 unfavourable OD. $750 favourable
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.
Step by step
Solved in 3 steps
