Question: What assumption is implicitly made about cost behavior when a static planning budget is directly compared to actual results? Why is or is not this

What assumption is implicitly made about cost behavior when a static planning budget is directly compared to actual results?

Why is or is not this assumption questionable? Explain your response.

Isn't one master budget enough to get all the data you need? Why? or Why not?

Let's get right down to this whole flexible budget/performance issue! Why spend numerous pages on it in a managerial accounting course?

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