Both Flexible Budgeting and Variable Costing Can Be Utilized to Evaluate

question 56

True/False

Both flexible budgeting and variable costing can be utilized to evaluate cost center performance.

---

Definitions:

Standard Deviation

A metric that quantifies how spread out data points are from the mean, showing the degree of variation or dispersion within a dataset.

Negative

In the context of numbers, denotes values less than zero; in the context of feedback or results, indicates adverse outcomes or deficit.

Population Variance

A measure that indicates the dispersion or spread of all values in a population, calculated as the average of the squared differences from the mean.

Symbols

Characters or marks used to represent objects, ideas, or actions within a particular context, such as mathematics, literature, or everyday life.