: Time limit: Length: uiz in March 18-24, 2019 25 minutes 10 questions 25 Points Scored out of: 8 Time Remaining 22 minutes Save Progress Progress has never been saved Section 1 1) A budget is a detailed financial plan that quantifies future expectations and actions relative to (2.5pts) acquiring and using resources True O False 2) The production budget is based upon the sales budget. (25pts) O True O False .5o 3) The factory overhead budget incorporates all production costs other than direct materials and direct labor O True O False 4) Since factory overhead is either fixed or variable, it serves no purpose to budget for such tems True 2 Chemical Hazaros.ppt Search the web and Windows