1. Another name for the static budget is... select one: a. master budget b. overhead budget c. permanent budget d. flexible...

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Accounting

1.Another name for the static budget is...

select one:
a. master budget
b. overhead budget
c. permanent budget
d. flexible budget

2. Costs incurrd indirectly and allocated to a responsiblitylevel are consideted to be...

select one:
a. nonmaterial
b. mixed
c. controllable
d. noncontrollable

3. It is possible that a company's financial statements mayreport inventories at...

select one:
a. budgeted costs
b. standard costs
c. both budgeted and standard costs
d. none of these

4. Under management by exception, which differences betweenplanned and actual results should be investigated?

select one:
a. material and noncontrollable
b. controllable and noncontrollable
c. material and controllable
d. all differences should be investigated

Answer & Explanation Solved by verified expert

4.3 Ratings (685 Votes)

1 A Another name of static budget is master budget Explanation As the name suggests it is static or fixed whether there is increase or decrease in revenue and expenses over a specified period of time Overhead See Answer

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