In the Assembly Department of Flint Company, budgeted and actual manufacturing overhead costs for the month of April 2025 were as follows. Budget Actual Indirect materials $18,880 $16,874 Indirect labor 23,600 24,308 Utilities 11,800 12,803 Supervision 5,900 5,900 All costs are controllable by the department manager. Prepare a responsibility report for April for the cost center. FLINT COMPANY Assembly Department Manufacturing Overhead Cost Responsibility Report Controllable Cost Budget Actual $ $ $ $ Difference Favorable Unfavorable Neither Favorab nor Unfavorabl
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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