The ________ Budget Is a Component in a Financial Budget

question 11

Multiple Choice

The ________ budget is a component in a financial budget.

• A)direct labor
• B)capital expenditures
• C)budgeted income statement
• D)manufacturing overhead

---

Definitions:

Standard Costs

Predetermined costs to manufacture a single unit of product, used as a benchmark for measuring the actual costs incurred.

Labor Time

The amount of work time that employees spend on various tasks, often measured to analyze productivity or allocate labor costs.

Industrial Engineers

Professionals who design, develop, test, and evaluate integrated systems to manage industrial production processes including human work factors, quality control, inventory control, logistics, material flow, cost analysis, and efficiency.

Standard Costs

Predetermined costs for products or services, used for budgeting and measuring performance.