For more course tutorials visit www.acct434.com 1. Question : (TCO 2) Operating budgets and financial budgets 2. Question : (TCO 2) To gain the benefits of budgeting, ________ must understand and support the budget. 3. Question : (TCO 2) Which budget is not necessary to prepare the budgeted balance sheet? 4. Question : (TCO 2) A feature of a standard-costing system is that the costs of every product or service planned to be worked on during the period can be computed at the start of that period. This feature of standard costing makes it possible to 5. Question : (TCO 2) An unfavorable variance indicates that 6. Question : (TCO 2) Which of the following statements is true about overhead cost variance analysis using activity-based costing?