Question 28 Which One is True? A Budget will Create an Early warning system for a Business O Budgeted Financial Statements are usually prepared First in the Budget Process O The Master Budget is also referred to as the Cash Budget O The Budget Process usually does not Start until after the Budgeted Period Begins Question 29 Which One is True ? O In Theory, All Costs are considered Variable in nature O Managers Find it easier to plan, budget, and estimate using Costs Classified by Function An increase of $1 to both the Sales Price and the Variable Cost per unit will not change the Contribution Margin Ratio 3.5 pts 3.5 pts O The Contribution Income Statement Format separates costs into 2 Sections, Product Costs and Period Costs

D Question 28 Which One is True? A Budget will Create an Early warning system for a Business Budgeted Financial Statements are usually prepared First in the Budget Process The Master Budget is also referred to as the Cash Budget O The Budget Process usually does not Start until after the Budgeted Period Begins 3.5 pts Question 29 Which One is True? In Theory, All Costs are considered Variable in nature O Managers Find it easier to plan, budget, and estimate using Costs Classified by Function An increase of $1 to both the Sales Price and the Variable Cost per unit will not change the Contribution Margin Ratio 3.5 pts CO The Contribution Income Statement Format separates costs into 2 Sections, Product Costs and Period Costs