Orders × The lower theQ Chapter 1 Fla https://bbhosted.cuny.edu/webapps/assessme

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Orders × The lower theQ Chapter 1 Fla https://bbhosted.cuny.edu/webapps/assessment/take/launch.jsp?course assessment id-.1128835.1&course;_id- 1524621.1&content; id QUESTION 28 2.25 A Cost driver is a variable, such as the level of activity or volume, that causally affects costs over a given time span. this statement is O False True QUESTION 29 2.25p as a "quantitative expression of a plan of action by management for a specific period.. This O False QUESTION 30 2.25 p A controllable cost is any cost not subject to the influence of a given responsibility manager. This statement is......... True QUESTION 31 2.25 p A cost is a resource O True or f False Click Save and Submit to save and submit. Click Save AllA

Explanation / Answer

Question 28

(a) True. Cost Driver are usually used to as variable to allocate overhead cost. For Eg, Direct Labour Hours worked, Number of machine hours used etc.

Question 29

True. Budget is a quantitative expression of the plan of management for a specific period because budgets are prepared for a detemined period of based on the estimates of the management. These estimates are quantified to know the futurre results.

Question 30

False. A cost that is not subject to the influence of a given responsibility manager is uncontrollable cost. Whereas controllable cost are regulated by manager responsible for it.

Question 31

True. The motive behind incurring any cost is to achieve its future benefits and so a cost is a resource sacrificed or forgone to achieve a specific objective

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