Reham Co is preparing its direct labor budget for 2020 from the following production budget based on a calendar year. Quarter Units 1 20,000 2 25,000 3 35,000 4 30,000 Each unit requires 1.5 hours of direct labor. Wage rates are expected to be OMR16 for the first 2 quarters and OMR18for quarters 3 and 4. What is the Budgeted Total Direct Labor Cost for Quarter 4
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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