Which of the following statements is NOT correct concerning

Which of the following statements is NOT correct concerning the Manufacturing Overhead Budget?

Multiple Choice

The Manufacturing Overhead Budget shows only the variable portion of manufacturing overhead.

The Manufacturing Overhead Budget shows the expected cash disbursements for manufacturing overhead.

The Manufacturing Overhead Budget provides a schedule of all costs of production other than direct materials and labor costs.

The Manufacturing Overhead Budget is prepared after the Sales Budget.

Solution

Answer : The Manufacturing Overhead Budget shows only the variable portion of manufacturing overhead.

Explanation: Manufacturing Overhead Budget shows both variable and fixed portion of manufacturing overhead.