6. If the actual variable overhead is less than the budgeted variable overhead, the variance is unfavorable

Select one:

True

False

7. A favorable fixed factory overhead volume variance occurs when the actual units produced is less than 100% of normal capacity.

Select one:

True

False

8. In a decentralized organization, all major planning and operating decisions are made by top management.

Select one:

True

False

9. Cost center managers have responsbility over revenues and expenses.

Select one:

True

False

10. Residual income is the excess of income from operations over a minimum acceptable income from operations.

Select one:

True

False