For most organizations, a budget is the benchmark for evaluating actual performance. O True O False

1. The organizational process of budgeting performs several important functions. Which is true? A. Assigns decision rights B. Shares knowiedge C. Measures performance D. All of the choices are correct

Which of the following elements are used in calculating Costs in a Flexible Budget?   a. Budgeted unit costs times actual quantities of output   b. Actual unit costs times budgeted quantities of output   c. Budgeted unit costs times budgeted quantities of output   d. Actual unit costs times actual quantities of output

A1