Which of the following statement about budget is correct? ...
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Accounting
Which of the following statement about budget is correct?
A static budget is never appropriate in evaluating a managers effectiveness in controlling costs.
A static budget is a projection of budget data at a multiple levels of activity.
A static budget is useful in controlling costs when cost behavior is fixed.
Budgetary control involves the following steps: develop static budget, analyze differences between actual and budget result, take corrective action and modify historical record.
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