Question 26 Not yet answered Points out of 1.00 Frauestion Which one of the following statements regarding the difference between a flexible budget and a static budget is true? Select one: a. A flexible budget primarily is prepared for planning purposes, whereas a static budget is prepared for performance evaluation. b. A flexible budget includes variable costs, whereas a static budget includes only fixed costs. Oc. Variances will always be larger with a flexible budget than with a static budget. Od. A flexible budget provides costs for different levels of activity, whereas a static budget provides costs for one level of activity