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[19] Which of the following is not a benefit of budgeting? 1201 a) It reduces the need for tracking actual cost activity b) It
[19] Which of the following is not a benefit of budgeting? 1201 a) It reduces the need for tracking actual cost activity b) It sets benchmarks for evaluation performance c) It uncovers potential bottlenecks d) It formalises a manager's planning efforts 1 Mark If the average cost per unit of product is the same for all levels of activity, the company's cost structure: a) Must include only variable costs b) Must include only fixed costs c) Must include some fixed costs and some variable costs d) Cannot be determined from the information given 6417 PER Page 8 of 13 1 Mark Total 40 Marks
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