Which One of the Following Budgets Would Be Prepared Using

question 73

Multiple Choice

Which one of the following budgets would be prepared using activity based budgeting techniques?

• A) direct materials purchase budget
• B) revenues budget
• C) manufacturing overhead cost budget
• D) production budget

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Definitions:

Illegality of Object

The principle that a contract is void if it involves actions or outcomes that are illegal or against public policy.

Cocaine

Cocaine is a powerful stimulant drug derived from the leaves of the coca plant, often used recreationally for its euphoric effects but illegal in many jurisdictions.

Rescission

The act of cancelling a contract, returning all parties to their pre-contractual state, often due to mistakes, fraud, or misrepresentation.

Fraudulent Misrepresentation

False statements or claims made deceitfully to induce another party into a contract, leading to harm or loss.