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Which of the following statements about Master and Flexible budgets is NOT true? a. A Master budget is suitable for planning but not for evaluating

Which of the following statements about Master and Flexible budgets is NOT true? a. A Master budget is suitable for planning but not for evaluating performance b. A Master budget can be used to measure performance by comparing with Actual c. A Flexible budget is used to account for cost changes due to change in activity d. A Flexible budget shows what the Revenue and costs should be for the actual activity

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