Select the correct statement regarding budgets. Flexible budgets use actual levels of activity for manager performance evaluation. Master budgets use per unit standards to determine prices and variable costs. Since flexible budgets can be prepared for the actual level of activity, volume influences on budget variances can be isolated. All of the above are correct. Question 19 2pts A difference between the static budget based on planned volume and a flexible budget prepared at actual volume is called a: Flexible budget variance. State budget variance. Production activity variance. Volume variance