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performance reports with more than one cost driver typically have more accurate variances than those based on one cost driver.

Sagot :

The statement is false as - Up to two cost drivers can be used to create flexible budgets.

Variances will be more accurate when cost formulas are based on more than one cost driver. To adequately explain all of an organization's costs, more than one cost driver may be required.

In an organization, cost behavior refers to how a cost changes over time in response to changes in the level of an activity or the specific application of a resource. Cost is an important measure of organizational performance; how a cost changes has a direct impact on performance dynamics. The recognition that the process of transforming resources into saleable goods and services is the essence of the operations leads to a better understanding of costs.

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