Olive Company makes silver belt buckles. The company's master budget appear Required: Complete the table by preparing Olive's flexible budget for 4,800, 6,800, and 7,800 units. Note: Round your intermediate calculations to 2 decimal places. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manidarhurinn cost Master Budget Flexible Budget (5,800 Units) (4.800 Units) $ 1.160 2.320 1,740 18,100 23.320 Flexible Budget Flexible Budget (6,800 Units) (7.800 Units)

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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.