Tucker Inc. is preparing its Manufacturing Overhead Budget for the Quarter based on the following production in units. April May June Quarter Production in units 20,000 10,000 15,000 45,000 Tucker Inc. uses a variable manufacturing overhead rate of $2.50 per unit produced Fixed manufacturing overhad is $40,000 per month and includes $20,000 of non-cash costs (depreciation of plant assets). The total Variable Manufacturing Overhead cost for the quarter is:
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.
Tucker Inc. is preparing its Manufacturing
April May June Quarter
Production in units 20,000 10,000 15,000 45,000
Tucker Inc. uses a variable manufacturing overhead rate of $2.50 per unit produced
Fixed manufacturing overhad is $40,000 per month and includes $20,000 of non-cash costs (
The total Variable
The total Fixed Manufacturing Overhead cost for the quarter is:
Thet total Manufacturing Overhead costs for the quarter is:
The total Cash disbursements for manufacturing overhead for the quarter is
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