1.The manufacturing cost budget is based on the cost of total materials purchased.

A)True

B)False

7._______ Life-cycle budgeting is based on a moving time frame that extends over a fixed period.

A)True

B)False

8.______ Which budgeting approach is widely used in government and non-profit organizations?

A)The continuous budgeting approach

B)The input/output approach

C)The incremental approach

D)Participation budgeting

9.______ A revenue center is an organizational unit whose manager is responsible for the amount of revenues generated by the unit.

A)True

B)False

10. ______ A labor efficiency variance results from the inefficient use of labor quantity to produce a given amount of product or service.

A)True

False