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Which of the following statements is false? A flexible budget is used for control purposes and a static budget is used for planning purposes. A
Which of the following statements is false?
- A flexible budget is used for control purposes and a static budget is used for planning purposes.
- A flexible budget is prepared at the end of the period and a static budget is prepared at the beginning of the period.
- A flexible budget is not useful for controlling variable costs.
- A static budget provides budgeted estimates for one level of activity.
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