Fixed costs should not be included in a flexible budget because they do not change when the level of activity changes.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Which of the following situations is associated with a binding constraint in the solution of the linear programming model?
a. A binding constraint always has no slack (slack = 0). b. A binding constraint always has slack (slack ? 0). c. A binding constraint sometimes has negative slack (slack ? 0). d. None of the above
The number of publicly traded firms:
A) peaked in the U.S. in 1996. B) peaked worldwide in 1996. C) increased significantly in 2009 as a result of the international financial crisis. D) all of the above
Which party has the duty of maintenance and repair of an easement?
A) The dominant tenant B) The servient tenant
Supplemental wage payments include all the following except:
A. Taxable fringe benefits. B. Expenses paid under an accountable plan. C. Bonuses. D. Commissions.