22) Buckson Framing's cost formula for its supplies cost is $1,350 per month plus $18 per frame. For the month of June, the company planned for activity of 716 frames, but the actual level of activity was 713 frames. The actual supplies cost for the month was $14,820. The supplies cost in the flexible budget for June would be closest to: A) S14,820 B) $14,184 C) $14,178 D) $14,238 23) When the materials price variance is recorded at the time of purchase, raw materials are recorded as inventory at standard cost. A) TRUE B) FALSE 24) An unfavorable materials quantity variance occurs when the actual quantity used in production is less than the standard quantity allowed for the actual output of the period A) TRUE B) FALSE 25) Which of the following will not result in an increase in return on investment (ROD, assuming other factors remain the same? A) A reduction in expenses. B) An increase in net operating income. C) An increase in operating assets. D) An increase in sales. Il other things equal, which of the following would increase a division's residual income? A) Increase in expenses. B) Decrease in average operating assets. C) Increase in minimum required return. D) Decrease in net operating income 27) A segment of a business responsible for both revenues and expenses would be called A) a cost center B) an investment center. C) a profit center D) residual income