y-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: rect materials $1.80 0.45 rect labor riable overhead 0.75 xed overhead 1.80 Total unit cost $4.80 the coming year, Play-Disc expects to make 400,000 plastic discs, and to sell 385,000 of them. Budgeted beginning inventory in units is 19,000 with unit cost of $4.80. (There are no beginning or ending inventories of work in process.)
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.
Cost of Goods Sold Budget
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