Multiple Choice
A disadvantage of static budgets is that they:
A) are dependent on previous year's actual results
B) cannot be used by service companies
C) do not show possible changes in underlying activity levels
D) show the expected results of a responsibility center for several levels of activity
Correct Answer:
Verified
Correct Answer:
Verified
Q169: Past performance is the best overall basis
Q170: Budgets are prepared in the Accounting Department
Q171: The Cardinal Company had a finished goods
Q172: The budget procedures used by a large
Q173: The master budget of a small manufacturer
Q175: Finch Company began its operations on March
Q176: The first budget to be prepared is
Q177: The task of preparing a budget should
Q178: Purple Inc. production budget for Product X
Q179: Which of the following budgets is not