4) To understand a variable cost, which of the following is a good example?

a) Food Cost

b) Supervisors' Salary

c) Depreciation

d) Rent

10) Break-even analysis is also called?

a) Business Analysis

b) Unit sales

c) Cost-Volume Profit Analysis

d) Variance Analysis

19) A strategic plan can be completed to assist in all of the following except

a) Evaluating acquisitions

b) Evaluate a change in the products offered

c) Evaluating the type of uniform used at the front desk

d) Evaluating additions to an existing operation

20)

What would be the most likely cause of an unfavorable pay rate variance together with a favorable efficiency (usage) variance?

a) Employment of less well-trained staff

b) Poor wage negotiation by top management

c) The employment of more highly skilled staff than budgeted

d) Improved efficiency of production

21) Which of the following projects revenues, cost of goods sold, payroll and operating expenses?

a) Cash Budget

b) Operating Budget

c) Capital Budget

d) Strategic Plan