Q 1 - True or False - (15 marks): 1 - When the actual sales are more than the budgeted sales, the sales variance is 2InABC, the products consume the resources T 83 - Backflush costing uses sequential tracking. 4 - Placing purchase order is an example of a batch-level activity. - In a JIT system, suppliers are selected on basis of their ability to provide materials at 76 - Backflush costing omits the recording of journal entries until goods finished units app 7 - Quality of design measures how closely the characteristics of products meet the neec 8 - In both single product and multiple products sales, the same sales variances are com 9 - ABC provides more accurate product costs. 10 - Conversion costs include the direct labor costs and the overhead costs. 11 - In Just in Time system, some indirect costs have been changed to direct costs. 12 - A tetal quality system should place an emphasis on inspection. 13 - Under diversity of products, the allocation indirect cost is easy and reasonable acc 14 - A trigger point is a process in the cycle, from purchase of direct materials to sale o 15 - Budgeted average CM per unit = Budgeted CM per units Budgeted sales mix