Write TRUE if the statement is correct and FALSE if the statement is wrong, A. Evaluating operations by comparing actual results to budgeted results is a part of the controlling responsibility of management. B. Controlling means overseeing the company's day-to-day operations. C. The purpose of managerial accounting is to gather, summarize, and report the cost and revenue data relevant to each decision that is made. D. Budgeting is the process of evaluating the results of business operations against a plan and then making adjustments to that plan.. E. Planning, directing, and controlling are a manager's three primary responsi- bilities. F. Directing means setting goals and objectives for the company and determining how to achieve them. G. Budgets are the quantitative expression of management's plans. H. The total cost of a cost object can only include the direct costs that are directly traced to that cost object. 1. If a company wants to determine a product's cost, it must assign both direct and indirect costs. J. Direct costs can be traced to specific units. ku Indirect costs cannot be traced to the cost objects, so they are allocated, L. Direct costs for one cost object will always be direct costs for any cost object