Which of the following statements is true regarding activity based costing in administration Activity based costing for administrative services follows the same four-step procedure described for manufacturing O ABC in administration involves live steps. The principles of ABC are different when applied to administrative services. O All cost drivers in an administrative system will be time related. Which of the following budgets does not require the production budget? O Direct materials O Manufacturing overhead. Direct labor O Marketing and administrative expenses. The manufacturing overhead budget at Rost Corporation is based on budgeted direct labor hours. The direct labor budget indicates that 200 direct labor hours will be required In September. The variable overhead rate is $700 per direct labor hour. The company's budgeted feed manufacturing overheads 43.120 per month, which includes depreciation of $3,640. All other fred manufacturing overhead costs represent current cash flows. The September cash disbursements for manufacturing overhead on the manufacturing overhead budget should be $19,600 562.720 $39,480 $59.080 O The major objectives of any budget system are to: CIA adapted O define responsibility centers, facilitate the wing of blame for missed budget predictions and ensure goal congruence between superior and subordinates O foster the planning of operations, facilitate the wing of blame for missed budget predictions, and ensure goal congruence between superiors and subordinates O define responsibility centers, provide a framework for performance evaluation, and promote communication and coordination among organization segments. foster the planning of operations, provide a framework for performance evaluation, and promote communication and coordination among organization segments O