cost acct exam 4 t/f

a revenue variance is the difference between what the total sales revenue should be, given the actual level of activity of the period, and the actual total sales revenue

true

the disbursements section of a cash budget consists of all cash payments for the period except cash payments for dividends

false,

control involves developing goals and preparing various budgets to achieve those goals

false, PLANNING

flexible budges performance reports contain activity variances but not revenue or spending variances

false, both?? idk tho

if activity is higher than expected, total fixed costs should be higher than expected. if activity is lower than expected, total fixed costs should be lower than expected

false, fixed costs should stay the same??

a flexible budget performance report with more than one cost driver can contain activity variances but not revenue or spending variances due to the increased complexity

false...??? it can contain both idk tho

an unfavorable activity variance for revenue indicates that activity was less than expected when the static budget was developed

true

cash collections in a schedule of cash collections typically consist of collections on sales made to customers in prior periods plus collections on sales made in the current budget period

true

control involves gathering feedback to ensure that the plan is being properly executed or modified as circumstances change

true

flexible budgets can be used when there is more than one cost driver (ie measure of activity)

true