Q12: All of the following are traceable fixed costs EXCEPT for: A) Website maintenance expenses incurred...

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Q12: All of the following are traceable fixed costs EXCEPT for: A) Website maintenance expenses incurred by Lululemon Athletic Inc.'s e-commerce division. B) Salary of the CEO of Telus Corporation. C) Aecon Construction's office rent to lease its Edmonton location. D) Depreciation expense of the oven for the muffin product line at Lydia's Bake Shop. Q13: Which of the following is a true statement? A) All costs are controllable at some level with a company. B) Responsibility accounting applies to only profitable divisions and segments. C) A cost is controllable if it is incurred in a manager's division or segment. D)More costs are controllable as one moves downward in management levels. Q14: A cost structure which relies more heavily on fixed costs makes the company A) more sensitive to changes in sales revenue. B) less sensitive to changes in sales revenue C) either more or less sensitive to changes in sales revenue, depending on other factors. D) exposes a company to less earnings volatility risk. Q15: What is the primary difference between a static budget and a flexible budget? A) The static budget contains only fixed costs, while the flexible budget contains only variable costs. B) The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels. C) The static budget is constructed using input from only upper level management, while a flexible budget obtains input from all levels of management. D) The static budget is prepared only for units produced, while a flexible budget reflects the number of units sold. Q12: All of the following are traceable fixed costs EXCEPT for: A) Website maintenance expenses incurred by Lululemon Athletic Inc.'s e-commerce division. B) Salary of the CEO of Telus Corporation. C) Aecon Construction's office rent to lease its Edmonton location. D) Depreciation expense of the oven for the muffin product line at Lydia's Bake Shop. Q13: Which of the following is a true statement? A) All costs are controllable at some level with a company. B) Responsibility accounting applies to only profitable divisions and segments. C) A cost is controllable if it is incurred in a manager's division or segment. D)More costs are controllable as one moves downward in management levels. Q14: A cost structure which relies more heavily on fixed costs makes the company A) more sensitive to changes in sales revenue. B) less sensitive to changes in sales revenue C) either more or less sensitive to changes in sales revenue, depending on other factors. D) exposes a company to less earnings volatility risk. Q15: What is the primary difference between a static budget and a flexible budget? A) The static budget contains only fixed costs, while the flexible budget contains only variable costs. B) The static budget is prepared for a single level of activity, while a flexible budget is adjusted for different activity levels. C) The static budget is constructed using input from only upper level management, while a flexible budget obtains input from all levels of management. D) The static budget is prepared only for units produced, while a flexible budget reflects the number of units sold.