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Part 1. What is the original metric that determines the levels of all budgets? Select one: A. Forecasted sales levels B. Planned production levels C.

Part 1.

What is the original metric that determines the levels of all budgets?

Select one:

A. Forecasted sales levels

B. Planned production levels

C. Approved capital expenditures

D. Yearly cash flows

E. None of these

Part 2.

Variable overhead is generally combined with fixed overhead in standard costing.

Select one:

True

False

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