A company absorb overheads on the basis of machine hours. During the period the budgeted factory overhead was ghc800000 while actual factory overhead stood at ghc840000. The company absorbed ghc780000 overhead with 20000 actual hours of machine. The budgeted level of machine hours for the company is A. 16410hours B. 41026hours C. 20513hours D. 30769hours Reset Selection
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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