Multiple Choice QuestionManagement uses a(n) ______ budget to establish the standard overhead rate.Multiple choice question.fixedflexiblemaster
Question
Multiple Choice QuestionManagement uses a(n) ______ budget to establish the standard overhead rate.Multiple choice question.fixedflexiblemaster
Solution
The correct answer is:
Master
Explanation:
A master budget is a comprehensive budget that includes all of the lower-level budgets within an organization, such as the various departmental and project budgets. This also includes overheads, which are the indirect costs of a business. Therefore, management would use a master budget to establish the standard overhead rate.
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Management uses a(n) ______ budget to establish the standard overhead rate.Multiple choice question.flexiblefixedmaster
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