Miller and Sons' static budget for 10,300 units of production includes $36,100 for direct materials, salaries of $16,000. A flexible budget for 13,500 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. O direct materials of $47,316, direct labor of $71,301, utilities of $9,830, and supervisor salaries of $19,200 Ob. the same cost structure in total Os direct materials of $47,316, direct labor of $71,301, unilities of $9,830, and supervisor salaries of $16,000 d. total variable costs of $114,000
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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