please dear expert need true help and show all work with steps answer in text Required: For each quarter, calculate the: Sales budget. Production budget. Direct labour budget.
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.
please dear expert need true help and show all work with steps answer in text
Required:
- For each quarter, calculate the:
- Sales budget.
- Production budget.
- Direct labour budget.
![Use the information below to answer questions that follow:
Boko (Pty) Ltd has the following information in their books, which they want to use for planning purposes.
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Budgeted Sales in units
Desired ending inventory of
finished goods
Opening inventory of finished
goods
Direct labour hour used per unit
Selling Price
Direct labour cost per hour
50,000
10,000
7,000
0.5
10
3
70,000
14,000
10,000
0.5
10
3
90,000
18,000
14,000
0.5
10
3
120,000
24,000
18,000
0.5
10
3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7130c8a-7567-457f-b07a-077b790edc0b%2F4d09c2c2-aaed-47fe-8a71-1b1d1eec3cf9%2Fvs4f9l_processed.png&w=3840&q=75)
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