Prepare a budgeted cost by period table (Time-phased Project Budget) for the following activities: Primary Work Material Total Activity Utilities Cost Responsibility 3 Days Cost 1 Activity A A 1,800 1,800 2 Activity B M 2 3 Activity C C 2 2,000 2,000 4 Activity D 800 400 1,200 1 Activity E R 1 Activity F A 1 7 Activity G 1 8 Activity H R 1 9 Activity I 1 Total 13 2,800 2,200 5,000
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.
Prepare a budgeted cost by period table (Time-phased Project Budget) for the following activities:
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