hich of the following statements is true? The selling and administrative expense budget lists all costs of production other than direct materials and direct labor. The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable selling and administrative expense per unit. The disbursements section of a cash budget consists of all cash payments for the period except cash payments for dividends. Multiple Choice Only statement II is true. Only statement III is true. All of the statements are true. None of the statements are true