Question: Answer Which statement is true? Static budgets are important because they consider budgeted performance based on actual activity. A flexible budget considers the actual output

Answer Which statement is true?
Static budgets are important because they consider budgeted performance based on actual activity.
A flexible budget considers the actual output achieved during the period managers are evaluated.
The flexible budget amounts are determined as the bdgeted volume times the budgeted price.
Two variances comprise the master budget variance, the flexible budget variance and the sales price variance.
Answer Which statement is true? Static budgets

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