i need the unanswered ones only

TRUE/FALSE The difference between the standard cost of a product and its actual cost is _ called a variance A favorable cost variance occurs when actual cost is less than budgeted (standard) costs 2 A responsibility center in which the department manager has responsibility for and authority over costs, revenues, and assets invested in the department is termed a cost center The ratio of sales to investments is called the rate of return on investment. Favorable volume variances are never harmful, since achieving them encourages managers to run the factory above normal capacity 5. Variances from standard rarely conflict with non-financial performance measures, such as employee satisfaction. Cost systems using detailed estimates of each element of manufacturing cost entering into the finished product are called standard cost systems 7. Changes in technology, machinery, or production methods may make past cost data irrelevant when setting standards. 8. 9. The primary disadvantage of decentralized operations is that decisions made by one manager may affect other managers in such a way that the profitability of the entire company may suffer. 10.TThe three (3) common types of responsibility centers are referred to as cost centers, profit centers, and investment centers. The variance from standard for factory overhead cost resulting from operating at a level above or below 100% of normal capacity is termed volume variance