1. Production budgets should always show both budgeted units of product and costs.

Select one:
TrueFalse

2. A cost that changes with volume, but not at a constant rate, is called a:
Select one: a. Variable cost. b. Curvilinear cost. c. Step-wise variable cost. d. Fixed cost. e. Differential cost.

3. The financial budgets include the cash budget and the capital expenditures budget.

Select one:
TrueFalse

4. The high-low method of deriving an estimated cost line uses all the data points available.

Select one:
TrueFalse