If the master budget prepared at a volume level of 20,000 unite includes factory rent of $40,000, a flexible budget based on a volume of 18,000 units would include factory rent of $36,000

a)true b)false

A restaurant that os part of a retail store would most likely be classified as profit center

a) true b)false

Using the same table. for materials, labor and overhead cost, the variances Was

a. Unfavorable b. no variances c. all statements are false d. favorable