CES Question 10 Jaunty Company is preparing its budgeted balance sheet for the upcoming year. The proper time to prepare this budget is at the start of the budgetary process so that comparisons with last year's balance sheet can be made. once the capital budget has been done and approved. prior to the completion of the cash budget for the year. generally towards the end of the budgetary process when most other budgets have been approved Ques Question 12 When is a static budget most appropriate in evaluating a manager's performance? When the actual costs incurred equal the amounts in the budget. O When the actual activity is less than the master budget activity. When the company performed at the same activity level as the static budget level. The static budget is not appropriate for evaluating managers