true or false

[ Select ] A traditional budget provides the best format for preparing a budget performance report. [ Select) Price and quantity variances are normally computed for materials; efficiency and rate variances are normally computed for labor; volume variances can be computed for overhead and sales. [ Select] A static budget, a traditional budget, and fixed budget all refer to the same type of budget. [Select) A flexible budget is more meaningful when computing variances and thus is more meaningful for users such as stockholders and creditors