In ZERO based budgets, we look at previous year's budgets

True

False

45. Sales Price per unit = 6, Variable cost = 2. Fixed cost = 12,000. What is the breakeven point in units?

2,000

3,000

6,000

Cannot be determined

46. Law of diminishing returns causes output per hour to reduce with the passage of time

True

False

35. A weakness of Traditional Budgeting system

Not accurate

Too slow because of many meetings

Managers trying to manipulate the system

No weakness