A Static Budget Is Appropriate for

question 1

Multiple Choice

A static budget is appropriate for

• A)variable overhead costs.
• B)direct materials costs.
• C)fixed overhead costs.
• D)None of these.

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Definitions:

Preceding Activity

An action or task that must be completed before another specific activity or task can commence.

Probable Time

An estimate of the most likely amount of time required to complete a task or project, considering possible delays and unforeseen obstacles.

Pessimistic Time

The maximum possible time that a task or project phase is expected to take, assuming worst-case scenarios.