Harney Inc has prepared the following budgets for march. In march, budgeted production equals budgeted sales, and direct materials inventory will stay constant. Direct materials $ 4900 Direct labor $ 7900 Maufaturing overhead $ 10700 Selling and administrative expense $ 8200 What is budgeted cost of goods sold for march? 12800 21000 23500 31700
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.
Harney Inc has prepared the following budgets for march. In march, budgeted production equals budgeted sales, and direct materials inventory will stay constant.
Direct materials $ 4900
Direct labor $ 7900
Maufaturing
Selling and administrative expense $ 8200
What is budgeted cost of goods sold for march?
12800
21000
23500
31700
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
