Costs over which a manager has control are called

controllable costs.

common costs.

noncontrollable costs.

uncontrollable costs.

All of the following statements are correct about management by exception except it

enables top management to focus on problem areas that need attention.

means that top management has to investigate every budget difference.

requires that there must be some guidelines for identifying an exception.

means that top management's review of a budget report is focused primarily on differences between actual results and planned objectives.