Question: 23. If activity is higher than expected, total variable costs should be higher than expected. If activity is lower than expected, total variable costs should

23. If activity is higher than expected, total variable costs should be higher than expected. If activity is lower than expected, total variable costs should be lower than expected. True False 24. When a flexible budget is used in performance evaluation, actual costs are compared to what the costs should have been for the actual level of activity during the period rather than to the tatic planning budget True) False 25. An activity variance is due solely to the difference between the level of activity assumed in the planning budget and the actual level of activity used in the flexible budget True False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the direct labor efficiency variance is unfavorable, the variable overhead efficiency variance...

Which of the following statements is true? 1 ) If activity is higher than expected, total variable costs should be higher than expected AND If activity is lower than expected, total fixed costs...

ANSER TRUE OR FALSE _____ 3. Both variable and fixed manufacturing overhead costs are included in the manufacturing overhead budget. _____ 4. If activity is higher than expected, total variable costs...

1. Customer-level activities relate to specific customers and are not tied to any specific products. 2. Activity-based costing is a costing method that is designed to provide managers with product...

if activity is higher than expected, total variable costs should be higher than expected. if activity is lower than expected, total variable costs should be lowered than expected. true or false

A flexible budget can be used to determine what costs should have been at a given level of activity. True False If the activity level is higher than expected, total variable costs should decrease and...

true or false questions 1) Organization-sustaining activities are carried out regardless of which customers are served, which products are produced, how many batches are run, or how many units are...

The production budget is typically prepared prior to the sales budget. Sales forecasts are drawn up after the cash budget has been completed because only then are the funds available for marketing...

If activity is higher than expected, total fixed costs should be higher than expected. If activity is lower than expected, total fixed costs should be lower than expected. True or False True False

h he FALSE Actor perpetual budget a 13- month forward om for the current month for quartered U FALSE 3 The master budget consists of a number of separate but interdependent budgets. TRUE FALSE If...

Some firms pool overhead into a single plantwide overhead pool, while others collect overhead costs into manufacturing departments, each of which has an overhead cost pool and overhead cost...

Distinguish between bond retirements and bond refunding.

c ) Use Dijkstra's algorithm to find the length of the shortest path between the vertices a and in the following weighted graph. Please show how you arrive to your answer.

Some questions will ask you to interpret a given graph, and others will require you to manipulate the objects on the graph or even add new required objects. Each manipulable object will be shown in...

It contained the correct shower gels, but not the correct body lotions. Instead of Jasmine and Ocean Mist, you received Country Rose and Citrus Breeze. File an e-mail claim with Soft n Glow, your...

You work for a company that owns several office buildings in your town. Your employers have decided to change all locks in their buildings from key to card access. Notify the tenants of each building...

For the past six years, Jet Printing has had a display at the regional business expo. Because booth spaces are assigned on a first-come, first-served basis, you always reserve your space and send...