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CHAPTER 9 QUESTIONS and ANSWERS Www Umuc Edu Form

CHAPTER 9 QUESTIONS and ANSWERS Www Umuc Edu Form

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this video will walk you through some typical conceptual or definitional questions for chapter 9 true false fixed costs should not be included in a performance report because fixed costs are not controllable and that's going to be false first of all fixed costs can be controllable or not controllable depending what type of fixed cost it is and where that cost is generated from and so you do want to be looking at how well we perform both in fixed cost as well as variable cost number two a flexible budget can be used to determine what cost should have been at a given level of activity and that is definitely true because the whole key about a flexible budget is that they are prepared for any level of activity within a specified range if activity is higher than expected total variable cost should be higher than expected if activity is lower than expected total variable cost should be lower than expected and this goes back to our previous video where we're talking about here

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