The Minda Company has prepared a flexible budget of factory overhead for the rear. A summarized portion of the budget is given below: PERCENTAGE OF NORMAL CAPACITY(100%) 80% 90% 100% Variable overhead P276,000 280,000 P556,000 P310,500 280,000 P590,500 P345,000 280,000 P625,000 Fixed overhead Total overhead
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.
Thanks for the help. The second photo IS JUST AN EXAMPLE OF FLEXIBLE
ASSUME THAT THE ACTUAL PRODUCTION IS 45,000 UNITS
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