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Hi. Please help me solve this question 1. Please mark the following statements, 'T' for True and 'F' for False T F a) The 'flex'
Hi. Please help me solve this question
1. Please mark the following statements, 'T' for True and 'F' for False T F a) The 'flex' in flexible budgets is due to the presence of Fixed costs in the overheads. b) Flex budgets are vital for controlling Indirect Manufacturing costs T F c) Goal congruence is not an issue in management control system design T F T F d) Some management conflict is unavoidable in a decentralized firm with many profit centers that have dealings among themselves e) EVA is just another modified form of Residual Income T F. f) ROI is the best measure for planning capital projects T F g) Transfer Pricing is irrelevant in cross-border pricing T F T F h) Direct cost variances never suggest that the standard costs may be flawed T F i) Basing transfer pricing on actual costs provides good incentive to the selling division to control costs T F j) Fixed Manufacturing Overhead always has a Production Volume Variance k) Fixed costs are always irrelevant in make versus buy decisions T F 1) Opportunity costs are routinely reported by the accounting system F (22 points) m) List the THREE areas you would investigate, with a brief explanation of why and how, if you consistently got Unfavorable Manufacturing Variances (12 points)Step by Step Solution
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