Howard Bannister Company budgets the following per-unit costs for the upcoming year: Direct Material $33.26 Direct Labor $24.74 Variable Selling Expenses $17.26 Sales commission $18.01 Howard budgets producing 1,496 units and having 24,414 of total variable overhead, 44,15 of total fixed overhead, and 31,183 of total fixed S&A costs for the year. What is the per-unit cost of inventory under throughput costing (i.e., assuming budgets are
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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