Units to be produced Direct labor time per unit (hours) Total direct labor hours needed Direct labor cost per hour Total direct labor cost Total direct labor hours needed Regular hours paid Overtime hours paid Wages for regular hours Overtime wages Total direct labor cost Junnen Corporation Direct Labor Budget $ 1st Quarter 2. Complete the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is not adjusted each quarter. Instead, assume that the company's direct labor workforce consists of permanent employees who are guaranteed to be paid for at least 1,980 hours of work each quarter. If the number of required direct labor-hours is less than this number, the workers are paid for 1,980 hours anyway. Any hours worked in excess of 1,980 hours in a quarter are paid at the rate of 1.5 times the normal hourly rate for direct labor. (Do not round intermediate calculations.) Junnen Corporation Direct Labor Budget 1st Quarter 2nd 3rd Quarter Quarter 0 0 $ 2nd Quarter 0 0$ 3rd Quarter 0 4th Quarter 0 $ 4th Quarter 0 Year 0$ Year 0 0

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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.