In an Activity Flexible Budget,the Variable Cost Component Typically Corresponds

question 20

Multiple Choice

In an activity flexible budget,the variable cost component typically corresponds to

• A)those resources that vary with direct labor hours.
• B)resources acquired as needed.
• C)resources acquired in advance of usage.
• D)resources that do not change as the activity output changes.
• E)none of these.

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Definitions:

Vulnerabilities Analysis

A process of identifying, quantifying, and prioritizing (or ranking) the vulnerabilities in a system, such as in information technology systems or energy supply systems.

Petty Cash

Petty cash refers to a small amount of cash on hand used for paying minor expenses in an organization to avoid writing checks for small amounts.

Journal Entry

is a record in accounting that represents the recording of a financial transaction, comprising debit and credit entries.

Disbursed Accounts

These are accounts from which funds have been paid out or disbursed, typically to settle obligations or expenses.