Question: 1. True or False : Under a flexible budget, a managers performance is measured by how far actual department expenses differ from the preliminary budget.

1. True or False : Under a flexible budget, a managers performance is measured by how far actual department expenses differ from the preliminary budget.

2. An adopted budget should: Group of answer choices a- provide clear output and financial target. b- provide regular feedback on whether goals are being realized. c- highlight areas for improvement when goals are not met. d- All of these are correct.

3.To calculate a contribution margin per unit, assume that the variable cost per unit is $60, the total fixed cost is $2,000, unit price for sales is $100, and total sales is $8,000. The contribution margin per unit amounts to: Group of answer choices $20. $40. $60. $80.

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