Asked by Christine Dawson on Jun 05, 2024

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The selling and administrative expense budget lists all costs of production other than direct materials and direct labor.

Selling and Administrative Expense Budget

An estimation of the costs related to sales and administrative activities for a specific period, used for planning and control.

Direct Materials

Raw materials that can be directly associated with the production of specific goods or services.

Direct Labor

The wages and benefits paid for labor that is directly involved in the production of goods or the provision of services.

  • Comprehend the role of budgeting in facilitating the planning, control, and coordination of activities within an organization.
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KD
Kamaris DavisJun 12, 2024
Final Answer :
False
Explanation :
The selling and administrative expense budget lists all costs incurred in selling a product and running a business, which are not part of the cost of goods sold, including marketing, salaries, office rent, and utilities, among others.