In a manufacturing organization, the production budget is prepared immediately after the sales budget
Indicate whether the statement is true or false
T
Business
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Preventive maintenance instructions for a piece of equipment:
a. identify basic inspection, cleaning and lubrication procedures b. provide instruction on how to repair the equipment c. include information on how to diagnose a problem d. list those pieces of equipment that are on the PM list
Business
Traditional costing systems employ multiple allocation rates for manufacturing overhead costs, but an activity-based costing system uses only one rate for allocating manufacturing overhead costs
Indicate whether the statement is true or false
Business