Which of the following is an objective of capital budgeting? Multiple Choice To reverse past decisions. To eliminate all risk. To reduce the number of investment activities. To earn a satisfactory return on investment. To discount all future and past cash flows. J&H Company has a router platform with a book value of $65,000 and a three-year remaining life. A new router platform is available at a cost of $125,000, and J&H can also receive $16,000 for trading in the old router platform. The new router platform will reduce variable manufacturing costs by $31,000 per year over its three-year life. Should the router platform be replaced? Multiple Choice C Yes, as the company will increase income by $16,000 total. Yes, as it is always important to have the current technology ooo No, it will decrease income by $16,000 in total. Yes, as will increase income by $31,000 in total. The difference between the total actual cost incurred and the total standard cost is called the: Multiple Choice o Volume variance. o Flexible variance. o Cost variance. o Controllable variance. o Usage variance