True/false questions (circle your answer choice): Income tax is rarely a significant issue in a capital budgeting decision. True or false? Price variance = (actual price - budgeted price) X budgeted input. True or false? Efficiency variance = (actual quantity - budgeted quantity) X budgeted price. True or false? Return on investment is a computation that measures future cash inflows or income relative to an initial outlay of cash or other resources. True or false? Rent, subject to a ten year lease agreement, is a typical variable overhead cost. True or false? Electricity usage, based on kilowatt hours used, is a typical fixed overhead cost. True or false? Just-in-time manufacturing operations would normally maintain significant levels of safety stock to improve the consistency of manufacturing. True of false