Question 41 A variance is the difference between actual costs and standard costs True O False Question 42 The cash payback method is frequently used as a screening tool but it does not take into consideration the profitability of a project True O False Question 43 The investigation of materials price variance usually begins in the O A controllers office OC accounts payable department D first production department Question 44 The annual rate of retum method requires dividing a project's annual cash infiows by the economic life of the project O True False False Question 45 A profit center is A neferred to as a loss center when operatiens do not ineet the cempeny's otjectives E a responsibility center that always reports a proft C evaluated by the rate of retun eamed on the investment al cated to the center D a responsibiity center hat incurs costs and generates revenses