When a Manager Is Concerned with Monitoring Total Cost, Total $\begin{array} { l l l } & \text { Flexible Budgeting } & \text { Standard Costing } \\\end{array}$

question 105

Multiple Choice

When a manager is concerned with monitoring total cost, total revenue, and net profit conditioned upon the level of productivity, an accountant should normally recommend: (CPA adapted)
$\begin{array} { l l l } & \text { Flexible Budgeting } & \text { Standard Costing } \\\end{array}$
A. $\begin{array} { l l l } &&& \text { Yes } &&&&&&& \text { No } \\\end{array}$
B. $\begin{array} { l l l } &&& \text { Yes } &&&&&&& \text { Yes } \\\end{array}$
C. $\begin{array} { l l l } &&& \text { No } &&&&&&& \text { Yes } \\\end{array}$
D. $\begin{array} { l l l } &&& \text { No } &&&&&&& \text { No } \\\end{array}$

---

Definitions:

Production Cost

Production cost refers to the total expense incurred in the manufacture of a product, including raw materials, labor, and overhead costs.

Rental Payments

Regular payments made by tenants to landlords in exchange for the use of residential or commercial property.

Individual Producers

Entities or persons that create goods or provide services in an economy, ranging from small businesses to large corporations.

Single Tax

A system where only one type of tax is levied, often proposed as a land value tax where only the value of land itself is taxed, excluding the value of buildings or improvements.