Which of the following statements is true? Budget reports comparing actual results with planned objectives should be prepared only once a year A static budget is most useful for evaluating a manager's performance in controlling variable costs A static budget ignores data for different levels of activity The master budget is not used in the budgetary control process Which of the following statements is true? Budget reports comparing actual results with planned objectives should be prepared only once a year A static budget is most useful for evaluating a manager's performance in controlling variable costs A static budget ignores data for different levels of activity The master budget is not used in the budgetary control process