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  3. which of the following is true with a static budge

Which of the following is true with a static budget? Select answer from the options...

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Accounting

Which of the following is true with a static budget?
Select answer from the options below
If actual results differ from planned results, the difference must be investigated by management.
Budget reports comparing actual results to planned objectives are only prepared once per year.
Only budgeted variable costs are compared with actual variable costs.
Actual results are compared with the budgeted data at the activity level used in developing the master budget.

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