Which of the following statements is false with respect to the manufacturing overhead budget? Multiple Choice It excludes depreciation because it is not a cash flow. It estimates the cash disbursements for overhead that appear in the cash budget. It includes estimated variable overhead and estimated fixed overhead. It impacts the budgeted cost of goods sold reported on the income statement. Which of the following statements is false with respect to the selling and administrative expense budget? Multiple Choice It excludes depreciation expense because selling and administrative expenses are period costs and not product costs. It estimates the cash disbursements for selling and administrative expenses that appear in the cash budget. It includes estimated variable and fixed selling and administrative expenses. It impacts the budgeted net operating income reported on the income statement