Question Completion Status: 20 21 22 23 24 25 26 27 13 14 15 16 17 18 19 4 6 7 8 10 11 12 3 QUESTION 2 A difference between the static budget based on planned volume and a flexible budget prepared at actual volume is called a: Volume variance. Flexible budget variance. Static budget variance. Production activity variance. QUESTION 3 A of the following are capital investment decisions except acquiring $100,000 of common stock buying a $5,000,000 manufacturing plant. purchasing equipment for $80,000. paying $600,000 to renovate a restaurant. QUESTION 4 All of the following are prevention costs except: inspection costs. engineering and design costs. regularly scheduled maintenance. training costs. QUESTION S An investment that costs $30.000 will produce annual net cash inflows of $10,000 for a period of 4 years, Given a cost of capital of 8%, the investment will generate a: (use table provided) negative net present value of $33,121 negative net present value of $3,121 positive net present value of $33,121 positive net present value of S3121