Management accounting and financial accounting differ in that management accounting information is prepared Select one: a. to summarize the whole company with little detail. b. following prescribed rules. c. using whatever methods the company finds beneficial. d. for shareholders. Within the relevant range, variable costs can be expected to: Select one: O a. increase on a per unit basis as the activity level increases. O b. increase on a per unit basis as the activity level decreases C. vary in total in direct proportion to changes in the activity level. d. remain constant in total as the activity level changes. O An example of a committed fixed cost is: Select one: O a. a long-term equipment lease. O b. management training seminars. O c. advertising d. research and development. O Which of the following is NOT a period cost? Select one: a. Depreciation of factory maintenance equipment. b. Insurance on a company showroom where customers can view new products. C. Cost of a seminar concerning tax law updates that was attended by the company's controller. d. Salary of a clerk who handles customer billing. Comparing actual quality costs with planned quality costs is an example of Select one: a. controlling O b. decision making c. planning d. performance evaluation