Marigold Corp. produced 214000 units in 90000 direct labor hours. Production for the period was estimated at 300000 units and 111000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at O 111000 hours and 90000 hours. O 176000 hours and 111000 hours. O 176000 hours and 90000 hours. O 90000 hours and 90000 hours.
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.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps