et may sometimes be identified by another name, such 33. True or False? "Cumulative cash flow" means the accumulated effect of cash inflows and cash outflows must be added and/or subtracted to show the overall net accumulated result. 34. True or False? Regarding cash flow reporting methods, the "net present value" method is a discounted cash flow method, while the "payback" method is based on profitability. 35. True or False? Under the start-up cost capital expenditure budgeting concept, management may decide that the cost of starting up a new service line or a new program should be included in the capital expenditure budget as part of the original investment. 36. True or False? A variance is the difference between standard and actual prices and quantities. 37. True or False? Spending or price variance is calculated as the difference between actual quantity om inputs used per unit of output multiplied by the actual output level and the budgeted unit price. 38. True or False? Two-variance analysis compares volume variance to budgeted costs