T or F

1) A relevant cost is one that will not change depending upon which alternative is selected.1)_ 2) A sunk cost is never a relevant cost. 3) An opportunity cost is the foregone benefit of choosing to do one thing instead of3) 2) another. 4) Participative budgeting is more likely to motivate people to work toward the 4) organization's goals than is a top-down approach. 5) The production budget must be prepared before the sales budget can be prepared. 6) Manufacturing firms prepare a separate raw materials purchases budget for each 5) 6) material used in production. 7) The direct labor budget is based on budgeted sales levels. 8) Budgeted manufacturing overhead includes indirect manufacturing costs, but not selling 7) 8) or administrative costs. 9) A quantity standard is the amount of input that should go into a single unit of the 9) product or service. 10) The flexible budget can be used as a benchmark for evaluating performance after the 10)_ fact, as part of the control process. 11) Easily attainable standards are the best for motivating individuals to work hard. 12) A standard cost card shows what the company spent to produce each unit of product. 12)