13. Select the correct answers for each of these 2 statements. ..........

Total variable costs-

Total fixed costs remain-

• within the relevant range and therefore are the flexible budget values.

• direct proportion to changes in activity. So STANDARDS times the ACTUAL volume are the flexible budget

• 24. Select all that apply. Balanced scorecards include non-financial indicators for the following reasons:

• a. Non-financial measures are leading indicators of future financial performance

  b. Non-financial measures are more likely to be understood

  c. The data non-financial metrics is easier to obtain

  d. Non-financial metrics will allow the company to avoid paying performance bonuses