A company budgets production of 15,000 solar panels in July. Each unit requires 4 hours of direct labor at a rate of $20 per hour. The cost of direct labor for July is: Multiple Choice $600,000. $960,000. $1,500,000. $1,200,000. $300,000.
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.
A company budgets production of 15,000 solar panels in July. Each unit requires 4 hours of direct labor at a rate of $20 per hour. The cost of direct labor for July is:
Multiple Choice
- $600,000.
- $960,000.
- $1,500,000.
- $1,200,000.
- $300,000.
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