True false questions

True/ False Do not retype question. Do a separate worksheet type the question number and answer. example: a. T a. The budget itself and the administration of the budget are the responsibility of the accounting department. b. A production budget should be prepared before the sales budget. c. The budgeted balance sheet is prepared entirely from the budgets for the current year. d. A static budget is most useful for evaluating a manager's performance In controlling variable costs. e. A cost center incurs costs and genegates revenues and cost center managers are evaluated on the profitability of their centers. f. When evaluating residual income, the calculation tells management what percentage return was generated by the particular division being evaluated