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Which of the Following Is False

question 41

Multiple Choice

Which of the following is false?


Definitions:

Sales Budget

A financial plan detailing the anticipated revenues based on projected sales for a specific period, often used for planning and controlling purposes.

Operating Budget

An estimate of income and expenditure for a set period of time.

Production Budget

An estimate of the total cost of production, including materials, labor, and overhead, for a specific period.

Direct Labour-Hours

The total amount of hours worked by employees directly involved in the manufacturing process.

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