the following standard costs for one of their major products, the 10-gallon plastic container. Budgeted quantity Budgeted price Direct labor 0.20 hours $13.00 per hour During September, produced and sold 1100 pies 200 direct labor hours at an average wage of $13.25 per hour. The direct manufacturing labor flexible- budget variance during July is: Select one: O a. 310 F O b. 310 U O c. 210 U O d. 210 F
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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