The national cement company uses a -1 Flexible Budget monthly for factory overhead cost budget (at normal capacity of 5,000 units or 20,000 direct labor hours). The variable Repairs cost is $400,000. It will be .if the production level is 4,000 ?units 500000 400000 320000 O 80000 O
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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