Choose the answer that best fits each statement below. 1. As you begin your budgeting process, a good place to start is to prepare a
a. Budget variance
b. Budget estimate
C. Budget plan
d. Budget contribution

Morgana company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $168,000, $315,900, an $97,200, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,100, machine hours 24,300, and number of inspections 1,800. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection