64. Which of the following methods does not require a hurdle rate

A) Payback

B) NPV

C) IRR? My choice

D) Both IRR and Payback

D) None of the above

81. The first budget needed in the budgeting process is the

Sales budget <-- My choice

cost of goods sold budget

production budget

labor budget

84. When calculating the materials quantity variance which of the following is used

A) The actual price of materials

B) The standard price for materials <--- My choice

C) Both A and B

D) Neither A or B