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Question 5 2 pts Which of the following statements is true? Variable costs increase on a per-unit basis as activity increases. Mixed costs decrease in
Question 5 2 pts Which of the following statements is true? Variable costs increase on a per-unit basis as activity increases. Mixed costs decrease in total as activity decrease but not all the way to zero dollars. Fixed costs do not change on a per-unit basis. Step costs increase in total with each increase in activity level. Question 6 2 pts Which of the following is not a benefit of budgeting? Requires managers to plan ahead and to formalize their objectives Provides assurance that accounting records are in accordance with generally accepted accounting principles Sets realistic standards that serve as benchmarks for evaluating performance Coordinates the activities of the company by integrating the plans of all departments
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