TB MC Qu. 8-67 Tracie Corporation manufactures and sells women's ... Tracie Corporation manufactures and sells women's skirts. Each skirt (unit) requires 2.2 yards of cloth. Selected data from Tracie's master budget for next quarter are shown below: July August September 9,000 Budgeted sales (in units) 7,000 11,000 Budgeted production (in units) 8,000 10,500 13,000 Each unit requires 0.8 hours of direct labor, and the average hourly cost of Tracie direct labor is $18. What is the cost of Tracie Corporation's direct labor in September?
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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