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7 years ago
Which of the following statements regarding the manufacturing overhead budget is incorrect?
A) Depreciation on manufacturing equipment is not included because the production manager has no control over that cost allocation.
B) Both fixed and variable manufacturing overhead costs are budgeted.
C) The cost accountant and the production manager work together to project variable and fixed manufacturing costs.
D) The manufacturing overhead budget calculates the budgeted overhead costs for the year and also the predetermined overhead allocation rate for the year.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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#2
7 years ago
Will mark this subject solved, thanks
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7 years ago
Happy to help Smiling Face with Open Mouth
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