The direct labour budget of Yuvwell Corporation for the upcoming fiscal year contains the following details concerning budgeted direct labour-hours: Budgeted direct labour-hours. 1st 2nd Quarter Quarter 10,400 9,400 3rd Quarter 9,700 Variable manufacturing overhead Fixed manufacturing overhead 4th Quarter 10,500 The company's variable manufacturing overhead rate is $5.00 per direct labour-hour and the company's fixed manufacturing overhead is $72,000 per quarter. The only non-cash item included in fixed manufacturing overhead is depreciation, which is $18,000 per quarter. Required: 1. Complete the company's manufacturing overhead budget for the upcoming fiscal year. Yuvwell Corporation Manufacturing Overhead Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year

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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.