Solution-Explain budget types that are included in master

Explain budget types that are included in master budget

Assignment Help Cost Accounting

Reference no: EM132611111

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

Questions Cloud

Provide a brief summary of the proposed regulatory : Provide a brief summary of the proposed regulatory visit, highlighting those whom it is likely the regulator will wish to interview

Improvement of supply chain management : Determining their best marketing mix, big data analytics has given companies a good tool. How this capability may be leveraged in improvement of supply chain

What amount of dollar sales must be achieved : The contribution margin ratio is 16%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $38,400

Write down the bill number and the sponsors of the bill : Go to your state (Florida) government web page. Find one health policy enacted within the last two (2) years at the state level. Write down the bill number.

Explain budget types that are included in master budget : Explain Budget Types that are included in MASTER BUDGET of the Company with example and diagram where applicable.Direct Material Rs. 12,500

What is lender mortgage insurance : 1. Under what conditions are multiple securities offered as collateral?

Main features of international exchange rates : 1. Describe the main features of international exchange rates?

Describe the five stages of the business cycle : What are the key features of Australia's financial markets and the roles of its main participants? Describe the 5 stages of the business cycle?

Calculate the present value of cash inflow without taxes : Calculate the present value of cash inflow without taxes. Calculate the present value of cash inflow with taxes. Calculate the NPV of the project.

User Account

All Pages

Explain budget types that are included in master budget

Reference no: EM132611111

Reference no: EM132611111

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT