Question

13. Select the correct answers for each of these 2 statements. .......... Total variable costs-        Total...

13. Select the correct answers for each of these 2 statements. ..........

Total variable costs-       

Total fixed costs remain-      

  • within the relevant range and therefore are the flexible budget values.

  • direct proportion to changes in activity. So STANDARDS times the ACTUAL volume are the flexible budget

  • 24. Select all that apply. Balanced scorecards include non-financial indicators for the following reasons:  

  • ​a. Non-financial measures are leading indicators of future financial performance

    ​b. Non-financial measures are more likely to be understood

    ​c. The data non-financial metrics is easier to obtain

    ​d. Non-financial metrics will allow the company to avoid paying performance bonuses

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Answer #1

Question 13

Total Variable cost - direct proportion to changes in activity. So STANDARDS times the ACTUAL volume are the flexible budget.

Total fixed costs remain- within the relevant range and therefore are the flexible budget values.

Question 24

​a. Non-financial measures are leading indicators of future financial performance

​b. Non-financial measures are more likely to be understood

Feel free to ask for any clarification, if required. Kindly provide feedback by thumbs up. It would be highly appreciated. Thank You.

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