In which of the following situations are imposed budgets effective? Select one alternative: O In large businesses During periods of economic boom O In small businesses run by the directors O In well established businesses (3 marks) B 7 A sales manager is paid a salary of 2100 per month, plus an extra 1 for each unit sold during the monu This labour cost is best described as: (3 marks) Select one alternative: A fixed cost A semi-variable cost A variable cost A step cost Y company has agreed to pay 5 per unit royalty to the designer of a product which it manufactures and sells The royalty charge would be classified in the company's accounts as a; Select one alternative: O Production overhead O Administrative overhead O Direct expense Selling overhead