1. Which of the following items will be same for a flexible budget and a masterbudget?

A.

total expected revenues

B.

total contribution margin

C.

total expected fixed costs

D.

total variable cost

ABC systems create________.

A.

homogeneous activityrelated cost pools

B.

activitycost pools containing many direct costs

C.

activitycost pools with a broad focus

D.

1. one large cost pool