Week 6: Quiz i Saved Which of the following statements is true? Multiple Choice 4 points O A planning budget is prepared before the perlod begins and is valid for only the actual level of activity O A planning budget is prepared after the period ends and Is valid for only the planned level of activity O A planning budget is prepared before the period begins and is valid for only the planned level of activity O A planning budget is prepared after the period ends and is valid for only the actual level of activity