True or False: In variable costing, variable costs are considered for product costing inventory valuation and other allied management decisions.

True or False: BOTH variable and fixed manufacturing overhead are included in the Absorption Costing Method

Net present value (NPV) is best defined as:

True or False: Actual Costing is the system of costing in which actual cost incurred during the period is charged to the product.

Which option below correctly completes the statement: Involvement in the budgeting process should _____.

True or False: Just in time (JIT) is a production strategy that strives to improve a business return on investment by reducing in-process inventory and associated carrying costs.

Zero based budgeting was first used by _______.

______ budget is prepared first.

Fixed – variable cost classification is significant in _______.

Operating budgets cover a period of_____.

Which one is usually a long term budget?