Question No: $1$ True or False

$1.$ Accounting information is used in decision making for planning and control

$2.$ The break$-$even point is the level of sales at which revenue equals expensesand net income is one.

$3.$ A budget is a quantitative expression of a plan of action that imposes theformal structure of an organization.

$4.$ Engineering analysis entails a systematic review of materials, supplies, abor,support services, and facilities needed for products and services.

$5.$Regression analysis is not measures a cost function more objectively by using statistics to fit a cost function to all the data.

part$2$ :$($True or False$)$

$1.$ Management Accounting process of identifying, measuring, accumulating.analyzing, preparing, interpreting, and communicating information used by

managers.

$2.$ Cost$-$Benefit and behavioral considerations are not the system must provideaccurate, timely budgets and performance reports in a form useful to manage

$3.$ Engineering analysis entails a systematic review of materials, supplies, laborsupport services, and facilities needed for products and services.

$4.$ A budget is a qualitative expression of a plan of action that imposes the forstructure of an organization.

$5.$ The relevant range is the limit of cost$-$driver activity level within which aspecific relationship between costs and the cost driver is valid.

part $3$:$($True or False$)$

$1.$The break$-$even point is the level of sales at which revenue equals expensesnet income is one.

$2.$ A budget is a quantitative expression of a plan of action that imposes theformal structure of an organization.

$3.$ Flexible Budget Formulas to develop a flexible budget, managersdetermine revenue and cost behavior $($within the relevant range$)$ withrespect to cost drivers.

$4.$ Activity$-$Based Master Budgets is operating budgeting focuses ondpreparing budgets for various functions such as production, selling, and a

administrative support.

$5.$ Capital budgeting describes the long$-$term planning for making and

financing major long$-$term projects.

Answer the Questions:

$1.$What is variable

cost and fixed cost?

$2.$What is long range plan?

$3.$ What is a cash budget?

$4.$What is sensitive analysis?

$5.$ What is net present value?