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In: Accounting

Evaluate whether each statement is true or false. Managers should be held responsible for both costs...

Evaluate whether each statement is true or false.

  1. Managers should be held responsible for both costs that they have control over and costs they do not have control over .                            [ Select ]                       ["True", "False"]      
  2. A benefit of budgeting is communicating management plans throughout the organization.                            [ Select ]                       ["True", "False"]      
  3. To assess company performance, managers should compare the actual results to the planning budget.                            [ Select ]                       ["False", "True"]      
  4. Fixed costs typically show favorable variances when comparing the planning budget to the flexible budget when the actual number of units sold is less than planned.                            [ Select ]                       ["False", "True"]      
  5. Traditional IRAs are tax-deductible and grow tax-free.                            [ Select ]                       ["True", "False"]      

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ekkarill92 answered 2 years ago
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