8) True False Variable Costing is utilized so companies could bid on projects whereby the revenue from the project if accepted, would cover variable and some fixed costs, and would add incremental income to a company. 9) Some Steps of Decision Making Include: A) Define a task and goal B) Identify Alternative Actions C) Collect Relevant information D) All of the above. 10)If all other nonfinancial factors are the same, (shown in dollars per unit) the Direct Materials costs $2.50, the Direct Labor costs $2.68, the incremental Overhead Rate is $5.29 or the Purchase Price is $11.00, the company should A) Buy the product B) Make the product C) Buy half of the product and make the other half 11) A budget that changes based upon changes in large changes in sales units is called a: A) Static Budget B) Fixed Budget C) Flexible Budget 100 Page 2 of 5 Words: 590 Liner 39 Column: 0 2:18 PM 11/24/2020