Are the following costs direct or indirect costs incurred at a furniture manufacturer?Hire of a piece of equipment for a particular job
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Fabric coverings for chairs
A. Direct
B. Indirect
Salary paid to the factory supervisor
A. Direct
B. Indirect
Food for the staff canteen
A. Direct
B. Indirect
Which of the following best describes a flexible budget?
A budget that has been prepared but not yet approved
B. A budget that can be altered in specific situations
C. A budget that changes in line with actual activity levels
D. A budget that includes a degree of cushioning to prevent funds being reallocated elsewhere
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