Rodger's Cabinet Manufacturers produces one product in a single manufacturing department. It uses flexible budgets that are based on the following manufacturing data for the month of July: Direct materials $8 per unit Direct labor $5 per unit Electric power (variable) $0.30 per unit Electric power (fixed) $4,000 per month Supervisor salaries $25,000 per month Property taxes on factory $4,000 per month Straight-line depreciation $2,900 per month Prepare a flexible manufacturing budget for Rodger's based on production of 10,000, 15,000, and 20,000 units. Rodger's Cabinet Manufacturers Flexible Manufacturing Budget For the Month Ended July 31 Units of production Variable cost: Direct materials ($8 per unit) Direct labor ($5 per unit) Electric power ($0.30 per unit) Total variable costs Fixed cost: Electric power Supervisor salaries Property taxes Depreciation Total fixed costs Total manufacturing costs

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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.