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Which of the following is likely to be an incremental cost when developing and launching a new product? The cost of producing the product. All choices listed. The cost of advertising the product. The cost of designing the product. Which of the following is not a role of budgeting? To help the organization anticipate potential problems To coordinate activities in the organization All of the options listed are roles in budgeting To communicate the organization's short term goals to organization members To ensure that all the information needed for external reporting is gathered Which of the following is not a variable cost (or less likely to be), with respect to units produced? Steel used in automobile production Direct labour costs for the employees who run production equipment Lubricant used to help run production machines Depreciation on plant equipment Which of the following is a component of the flexible budget variance? market share variance Sales mix variance Direct materials price variance market size variance The formula (Actual Price - Standard Price) X actual quantity of inputs per output X actual output is for the. direct materials quantity variance. direct labor efficiency variance. direct materials price variance. total cost variance for direct materials. A favourable cost variance of significant magnitude: is the result of good planning. does not need to be investigated. indicates that management does not need to be concerned about lax standards. may lead to improved production methods if it is investigated