Numbers 1 & 2 are worth 2 points cach budget is prepared before the period beinandi of activity, I should not be d eving how well costs are controlled f y the planned 2. When a flexible budget is used in performance evaluation actual costs are compared to a) budytiedot t ed activity levels by what the costs should have been for the actual level of activity c) the state planning budget dwhat that should have her for the planned level of activity Short werworth 6 points. Tullas much as you know, based on the information we've learned in chapter. Feel free to add more roes to the w hes if you need more space How wild the shutting of a business d a y, a global health crisis) impact the budgeting process for that singu