Question 31 (1 point) The first step in budgeting involves setting the Sales Department Budget Capital Budget Cash Budget Production Department Budget Question 32 (1 point) True or False: As discussed in this course, department managers are expected to have full control over ALL areas of their department's budget. True False Question 33 (1 point) True or false: Service/Support department budgets are typically done before the Production Department's budget in order for the Production Department to adequately account for "direct" costs True False Question 34 (1 point) Project Managers can get a more timely estimation of "indirect costs" assigned to their individual projects using Direct Costing Allocation Procedures Actual Costing Techniques Normal Costing Techniques CVP Analysis Question 35 (1 point) Under a "Quality Program" the cost of warranty repairs and customer service agents would be included under Appraisal Costs Prevention costs External Failure Costs Internal Failure Costs Question 36 (1 point) "Zero based" budgeting involves Continuous Improvement Allowing no increase in variable costs from the previous year's budget - thus it is a form of cost control Allowing no increase in unit costs from the previous year's budget- thus it is a form of cost control Building a budget from "scratch" - goal is to force managers to "rethink" how they run their departments Question 37 (1 point) True or False: Successfully implementing an ABC costing system can lead to further efficiencies, as it forces a manager to further scrutinize their department's functions. True False