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Which of the following best describes the selling and administrative budget? An estimate of cash expenditures for long-term assets. An estimate of all operating costs

Which of the following best describes the selling and administrative budget?

An estimate of cash expenditures for long-term assets.

An estimate of all operating costs other than production costs.

A budget that is based on sales projections plus an estimate of desired ending finished goods inventory less beginning finished goods inventory.

None of the answer choices is

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