Sunland Productions uses flexible budgets. Amounts from the budget for March in which 3,170 units were produced and sold appear are as follows: Direct materials $18,069 Indirect materials - variable 2,853 Supervisor salaries 15,800 Depreciation on factory equipment 4,800 Direct labor 10,778 Property taxes on factory 1,800 If Sunland prepares a flexible budget at 4,170 units, compute its total variable cost. Total variable cost $
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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