A cost item is considered to be controllable if there is not a large difference between actual cost and budgeted cost for that item.
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Q20: A distinction should be made between controllable
Q21: The manager of an investment center can
Q22: Most direct fixed costs are not controllable
Q23: A major element in budgetary control is
A)
Q24: Cost centers profit centers and investment centers
Q26: In a responsibility accounting reporting system as
Q27: The terms "direct fixed costs" and "indirect
Q28: Budget reports should be prepared
A) daily.
B) monthly.
C)
Q29: More costs become controllable as one moves
Q30: What is budgetary control?
A) Another name for
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