TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 35) Most computer-based financial planning models have difficulty incorporating sensitivity (what-if) analysis. 35) 36) All budgets are based on standard costs. 36) 37) A standard is attainable through efficient operations but allows for normal disruptions such as machine breakdowns and defective production. 37) 38) One advantage of using standard times to develop a budget is they are simple to compile, are based solely on the past actual history, and do NOT require expected future changes to be taken into account. 38) 39) The presumed cause of a material price variance will determine how a company responds. 39) 40) The price variance is the difference between the actual price and the budgeted price of the input, multiplied by the budgeted quantity of input. 40) _