16 The formula for Fixed overhead rate times Inormaal capacity hours less standard hours allowed rare times actual hours less ndard hours allowedl c. Variable overhead rate times Inormal capacity hours less standard hoursallowed) d. Variable times l overhead standard hours allowed] hours 17 A static budget is useful in a. Variable d. Mixed 18, which of the following comoot maa 3. Controls investment funds 1.2.3 All are correct matches 19. In flexible budget, a cost that would thesameateach activity level is: c, Indirect materials d. Indirect labor 20. The return on investment for an investment center is computed by dividing a. Net income by average operating assets b. Controllable margin by average operating assets c. Contribution margin by average operating assets d. Net income by ending operating assets 21. Which of the following are neancialmeasare of Performance 1. Controllable margin 2. Product quality 3. Labor productivity d. 1 and 3 Standard Cost problems Flexible budget problem Payback problems Net Present value problems Profitability Index problems Intemal Rate of Returm problems