Which of the following budgets is prepared at different activity levels? a. Continuous Budget b. Static Budget c. Flexible Budget d. Zero-Based budget e. Activity-Based Costing Budget At the beginning of the period, the Cutting Department budgeted direct labor of exist135.000, direct material of exist165,000 and bed factory overhead of exist12,000 for 7, 500 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? a. 416,000 b. exist357,000 c. exist367,000 d. exist412 000 Since the costs of producing an intermediate product do not change regardless of whether the intermediate product is sold as is or processed further, these costs, which are known as split-off costs, are not considered in deciding whether to further process a product. True False If you give up your full-time job to go to school full-time, the cost of your lost wages is known as an a. sunk cost b. differential cost c. opportunity cost d. irrelevant cost