QUESTION 2 The Ginger Jar Inc. manufactures the famous Ginger Candy Bar. It is made with honey, chocolate, and ginger. Budgeted ingredients and costs to produce 100,000 kilograms of bars during the month were: Ingredient Honey Chocolate Ginger Ingredient Honey Chocolate Cost per Kg. 80,000 kg. $1.25 100,000 kg. $1.80 220,000 kg. $2.25 Ginger Kilograms Actual ingredients and costs to produce 100,000 kilograms of bars in during the month were: Kilograms Cost per Kg. 105,000 kg. $1.15 105,000 kg. $1.80 210,000 kg. $2.10 Total Cost What is the direct materials yield variance? O $17,750 U O $35,750 F O $36,700 U $38,750 U $100,000 $180,000 $495,000 Total Cost $120,750 $189,000 $441,000

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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.