Question 3 1 pts Advantages of a flexible budget include all of these, EXCEPT: it is appropriate for fixed costs, but not variable costs. it is adaptable to changes in operating conditions it can be prepared for individual budgets in the Master Budget all of the above are advantages of a flexible budget Question 4 1pts An investment center manager would most likely have his/her performance evaluation based on: return on investment controllable margin. how well he/she was able to control costs all of the above Question 6 1 pts Flag Company's indirect materials is budgeted to be .80 per direct labor hour at the 3,000 direct labor hour level of activity, with a total budgeted cost of $2,400. What would be its budgeted cost at the 5,000 direct labor hour activity level? $5,000 $3,000 $4,000 $2,400 $2,400 Question 7 2 pts An investment center generated a contribution margin of $200,000, controllable fixed costs of $100,000 and sales of $1,000,000. The center's average operating assets were $400,000. How much is the return on investment? 25 % 175% 50% 75% Question 8 2 pts The Western Division of Guinn Corp. had an ROI of 25% when sales were $1 million and controllable margin was $200,000. What were the average operating assets? $4,000 $250,000 $50,000 $800,000