Bottom-up costing, because of its greater accuracy, is always a better choice than top-down costing. True False If the previous year's budget correlated very poorly with reality, then the current budget should be "zero-based" (not-"incremental"). True False Payment for lab reagents (supplies for chemical analysis) is a good example of a: Fixed cost Semi-variable cost Variable cost Stepped cost Variance analysis provides: a format for comparing projected expenses with actual expenses early recognition of budgeting inaccuracies a tool for limiting the consequences of unforeseen circumstances all of the above Tangible fixed assets of a hospital would include all except: X-ray machines hospital beds nursing staff land upon which the buildings stand ASSETS + CAPITAL - LIABILITIES True False Depreciation accounts for the "wearing out" of an asset, in monetary terms. If you subtract current liabilities from current assets. you will determine working capital. true False At the end of the fiscal year, the available financial resources, and where that money came from is best determined by examining the: Balance Sheet Income Statement Federal form 1040 GAAP