True or False: By definition, a company that produces only one homogeneous product does not have "direct costs". True False Question 50 (1 point) True or false: Management Accounting's "Cost-Benefit guideline" dictates that ALL budget line items should have a detailed variance analysis (i.e. including all Levels 1, 2, 3 & 4) performed on them on a monthly basis. True False Question 51 (1 point) "Product Undercosting" can lead to improper decisions associated with allocating financial capital loss of net income setting inaccurate selling prices O all of the listed answers are correct True or False: "Value added" cost ITEMS can typically be eliminated without affecting customers' perception of quality, since these ITEMS will typically not be of major concern to customers. True False Question 54 (3 points) A company makes fudge in a batch process, i.e. they prepare, mix and cook the ingredients in small batches, followed by a thorough cleanup of the equipment after each batch. For the month of July the company budgeted to make 20,000 lbs. in 200 batches; setup and cleanup costs regarding the batches were budgeted at $10,000 in total. Actual results for July were as follows: they made 24,000 lbs, in 300 batches; setup and cleanup costs regarding the batches cost $18,000 in total. The rate/price and efficiency variances associated with the batch making process are $3,000U efficiency variance; $3,000 U rate/price variance $4,000U efficiency variance; $2,000 U rate/price variance $3,000F efficiency variance; $6,000 U rate/price variance $6,000U efficiency variance; $0 rate/price variance