16) During the last fiscal year, XYZ organization implemented managerial accounsing to allocate program costs to its soup kitchen. The kitchen's manager is reviewing actual results from the prior month to compare the outcomes with the organizations objectives. Which function of the Plan-Implement-Control cycle is she condacting? A) Control B) Strategize C) Implement D) Plan 17) Crystal, Inc. has prepared the following budgets for March. In March, budgeted production is 1,000 units, budgeted sales is 1,200 units, and raw materials inventory unit costs will stay constant. 1 Direct materials Direct labor Variable manufacturing overhead S7.50 per unit Fixed manufacturing overhead $7,500 $6.00 per unit $10.80 per unit What is budgeted cost of goods sold for March? A) S30,551 B) $38,160 C) $31,800 D) $36,660 18) Which of the following statements best describes the reason Depreciation Expense is 18) added to net income when preparing the statement of cash flows? A) Depreciation expense originally reduced net income, but it actually represents a B) Depreciation expense originally reduced net income, but it actually represents a C) Depreciation expense originally reduced net income, but the expense does not D) Depreciation expense is not included in net income and, so, its cash effect must be cash inflow for the company cash outflow for the company involve paying cash. accounted for separately 19) The cost of not doing something is a(n): A) out-of-pocket cost C) direct cost. B) cost object. D) opportunity cost. 20) Which of the following is an example of a variable cost for a manufacturing firm? A) The cost of depreciation on equipment. B) The cost of factory supervision. C) The cost of rent on the factory D) The cost of raw materials