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Whats the first budget creating when it comes to master budgets: ...

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Question

Accounting

  1. Whats the first budget creating when it comes to master budgets:

  1. the direct labor budget.

  2. the cash budget

  3. the sales budget

  4. the production budget.

  1. Wyckam Corporation has provided the following information concerning its manufacturing:

Fixed Cost per Month

Cost per cash washed

Revenue

$

4,700

Employee salaries and wages

$

32,200

$

1,000

Refurbishing materials

$

300

Other expenses

$

28,400

When the company prepared its planning budget at the beginning of January, it assumed that 35 cars would be washed.

The amount shown for revenue in the planning budget for February would have been closest to:

  1. $164,500

  2. $112,600

  3. $173,400

  4. $142,500

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