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Which of the following statements is true? 1. A flexible budget report should exclude variable costs because they can be expected to change with a
Which of the following statements is true? 1. A flexible budget report should exclude variable costs because they can be expected to change with a change in the level of activity. II. A flexible budget performance report contains activity variances but not revenue or spending variances. Only statement il is true. Neither statement is true. Both statements are true. Dnly statement I is true
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