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true or false for each question The cash budget is the starting point in preparing the master budget. 5. One of the weaknesses of budgets

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The cash budget is the starting point in preparing the master budget. 5. One of the weaknesses of budgets is that they are of little value in uncovering potential bottlenecks f activity is higher than expected, total fixed costs should be higher than expected. If activity is lower tharn expected, total fixed costs should be lower than expected Comparing a static planning budget to actual costs is not a good way to assess whether variable costs are under control. 8

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