Which of the following statements is NOT correct concerning the Manufacturing Overhead Budget?
A) The Manufacturing Overhead Budget provides a schedule of all costs of production other than direct materials and labor costs.
B) The Manufacturing Overhead Budget shows only the variable portion of manufacturing overhead.
C) The Manufacturing Overhead Budget shows the expected cash disbursements for manufacturing overhead.
D) The Manufacturing Overhead Budget is prepared after the Sales Budget.

Question

Quizplus · Accepted Answer

The Manufacturing Overhead Budget shows both the variable and fixed portions of manufacturing overhead. It also includes expected cash disbursements for manufacturing overhead. The Manufacturing Overhead Budget is prepared before the Production Budget, as it is used to determine total production costs.

Which of the Following Statements Is NOT Correct Concerning the Manufacturing