Which type of cost does a manager have discretion to change

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Reference no: EM132796550

Problem 1: Which of the following represents the correct order in which the indicated budgets are prepared?

option 1: Sales budget, operating expense budget, cash flows budget, pro forma financial statements
option 2: Sales budget, cash flows budget, operating expense budget, pro forma financial statements
option 3: Sales budget, operating expense budget, pro forma financial statements, cash flows budget
option 4: Sales budget, cash flows budget, operating expense budget, pro forma financial statements

Problem 2: Which type of cost does a manager have the authority and discretion to change?

option 1: Controllable cost
option 2: Committed cost
option 3: Responsibility cost
option 4: Sunk cost

Reference no: EM132796550

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