The difference between estimated or budgeted results and the actual results is called: a variance. a standard. a static budget. a flexible budget. Looking ahead to see what actions should be taken to realize particular goals is: directing. planning. decision making. coordinating. Question 16 (4 points) Listen Which of the following choices would be categorized as a sunk cost? direct material cost of product to be produced wages of hourly employees printing of new advertising materials depreciation of factory building A company requires 780 pounds of plastic to meet the production needs of a product. It currently has 118 pounds of plastic inventory. The desired ending inventory of plastic is 91 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period? O 890 pounds 753 pounds 695 pounds 745 pounds Question 18 (4 points) Listen A bottom-up approach to budgeting is also called: a responsibility budget. an imposed budget. an upside-down budget. Oa participative budget.