The Copy Department in the College of Business at State University provides photocopying services for both the Marketing and Departments. The following budget has been prepared for the year. 7,000,000 pages Available capacity Budgeted usage: Marketing Economics 4,600,000 pages 2,300,000 pages $150,000 + $0.075 per page 26 Cost equation If the Copy Department uses a dual-rate for allocating its costs, how much cost will be allocated to the Marketing Department, assumin Department actually made 4,800,000 copies during the year?
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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