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Which of the following statements about a static budget is true? a . A static budget is prepared by first identifying the relevant activity level
Which of the following statements about a static budget is true?
a A static budget is prepared by first identifying the relevant activity level and then adjusting for the actual level.
b A static budget helps in comparing actual costs to the budgeted costs for actual activity levels.
c A static budget shows the expected results of a responsibility center for only one activity level.
d A static budget is a series of flexible budgets for different levels of activity.
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