system: Activity Budgeted Cost Budgeted Activity Usage $1,184,634 57,900 2,250 1,650 Assembly Processing orders $ 60,795 Inspection $ 115,005 $60.59 $58.76 $53.95 $55.80 56.67 machine hours orders inspection hours The company makes 430 units of product J71B a year, using a total of 1,070 nachine-hours, 45 orders, and 31 inspection-hours per year. The product's direct materials cost is $28.40 per unit and its direct labor cost is $19.00 per unit. Using ctivity-based costing, the total overhead cost for producing one unit of the J71B oduct is:
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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