1. Production budgets should always show both budgeted units of product and costs.
Select one:
TrueFalse
2. A cost that changes with volume, but not at a constant rate, is called a:
Select one: a. Variable cost. b. Curvilinear cost. c. Step-wise variable cost. d. Fixed cost. e. Differential cost.
3. The financial budgets include the cash budget and the capital expenditures budget.
Select one:
TrueFalse
4. The high-low method of deriving an estimated cost line uses all the data points available.
Select one:
TrueFalse