Explain budget types that are included in master budget

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A company carries out small building work for domestic customers. A customer asked the company to quote  a price for building an extension at the back of his house.

The company's estimator has come up with the following  estimated costs:

Direct Material Rs. 12,500

Direct Labor Rs. 14,000

Direct Expenses Rs. 1500

FOH 75% of Direct Labor Cost

Office Overheads 40% of Production Cost

Profit Mark-up 22% of Total Cost

Required :

Question a. Calculated The cost of the Job

Question b. Explain Budget Types that are included in MASTER BUDGET of the Company with example and diagram where applicable.

Reference no: EM132611111

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