Independently indicate whether each of the foliowing statements are true or false. Your answers may look something like TFFF$.$ he budget method that maintains a constant twelve$-$month planning horizon by adding a new month on the end as the current month is completed is called a contlinuous budget.

$$ The variable overhead rate variance measures the difference between the actual level of activity and the standard activity allowed for the actual output, multiplied by the variable part of the predetermined overhead rate. $q,$ The fundamental objective in setting transfer prices is to avoid suboptimization by motivating managers to act in the best interests of the overall company. $$ Management by exception is a management system that compares actual results to a budget so that significant deviations can be flagged as exceptions and investigated further.