True or False 14. A zero based budget shows the expected results for only one activity....... 16. flexible budgets are similar to zero based budgets which shows expected results of a business for each new year.... 23. The principal of exceptions allows a company to focus on correcting differences between actual and standard performance..... 25. the standard setting process in an organization requires the effort of several departments.... 26. one of the criticisms of using a standard cost system is that it discourages improvements........ 28. A standard consist of two components; price and quantity....... 30 . All variance are controllable........ 32. Direct labor variances are normally the responsibility of production supervisors for controlling direct labor cost...... 34. A factory overhead cost variance report is a useful tool for management to use in controlling factory overhead costs...... 36. in a decentralized organization, all major planning and operating decisions are made by top level management.... 37. one of the advantages of a decentralized organization is that decisions made by managers may affect the profits of the company....... 44. Cost_ volume profits relationship can be used for analyzing the effects of sales mix on the break_ even point and profits......