It is NOT important for NFP organizations to prepare cash budgets. True / False Product budgets and
Question:
It is NOT important for NFP organizations to prepare cash budgets. True / False
Product budgets and program budgets that present data differently and in some detail help to complement the operating budgets. True / False
A capital budget reveals how much is required to invest in assets such as buildings, modernization and research and development. True / False
To calculate the break-even point for a retail store, the unit contribution margin is more useful than the PV ratio. True / False
The break-even point can be calculated in two ways: dividing fixed costs by either the unit contribution margin or the PV ratio. True / False
Controllable costs are usually indirect costs that managers are NOT accountable for. True / False
Operating managers are accountable for both, controllable and direct costs. True / False
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav