Reference no: EM132794319

Question 1) What is a controllable fixed cost?

a) The transfer price that is based on existing external market prices for the product or service being transferred.

b) Fixed costs that are under the direct control of the center's manager.

c) The part of a business that incurs costs but that does not directly generate revenue.

d) The part of a business a particular manager is in charge of and held responsible for

Question 2) What are the benefits of budgeting?

a) Enhanced management responsibility, assignment of decision making, coordination of activities, performance evaluation

b) Enhanced management responsibility, responsibility budgeting, coordination of activities, performance evaluation

c) Master budget, financial budget, operational budget

d) Behavioral approach, total quality management approach, selecting and using budgeting approach