jones inc. computes its buidgeted production for direct materials at 15,000 units. each unit requires 2.5 pounds of materials, with 12,500 pounds on hand at the beginning of the period and 14,000 pounds desired at the end of the period. if new materials cost $8 per pound, and previous materials cost $6 per pound, jones' direct materials budget in pounds and dollars will be a. 39,000 pounds - 234,000 dollars b. 39000 pounds - 312000 dollars c. 36000 pounds - 216000 dollars d. 36000 pounds - 288000 dollars
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.
jones inc. computes its buidgeted production for direct materials at 15,000 units. each unit requires 2.5 pounds of materials, with 12,500 pounds on hand at the beginning of the period and 14,000 pounds desired at the end of the period. if new materials cost $8 per pound, and previous materials cost $6 per pound, jones' direct materials budget in pounds and dollars will be
a. 39,000 pounds - 234,000 dollars
b. 39000 pounds - 312000 dollars
c. 36000 pounds - 216000 dollars
d. 36000 pounds - 288000 dollars
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