The budget process involves Only the accounting department Management, specifically those responsible for each department within the company Only the Board of Directors since they control the financing for the company All levels of the organization a When preparing a budget, the first budget to be prepared is the budget. Administrative Cash Purchases Sales When using activity based costing method overhead allocation is typically based on: One rate Two or more rates At least 2 rates but usually many more Volume based measures such as machine hours Ace Company wants to give their managers the greatest amount of responsibility over their department's accounting. Which of the following responsibility centers would accomplish that goal? Cost center Profit center DOOO Investment center Company center