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Which TWO of the following statements about fixed and flexible budgets are true? 0 Flexible budgeting assumes that most costs are semi-variable O Flexible budgets

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Which TWO of the following statements about fixed and flexible budgets are true? 0 Flexible budgeting assumes that most costs are semi-variable O Flexible budgets are prepared using marginal costing techniques o Comparison of a fixed budget with the actual results is useful for budgetary control purposes O Fixed budgets are useful for monitoring fixed costs

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