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TB MC Qu. 99 (Static) Which of the following.. Which of the following statements is...

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Accounting

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TB MC Qu. 99 (Static) Which of the following.. Which of the following statements is true? 1. Flexible budgets can be used when there is more than one cost driver (ie, measure of octivity). 2. A flexible budget performance feport with more than one cost diver will always have more unfavorable revenue and spending variances than a performance report with only one cost diver. 3. A flexible budget performance report with more than one cost driver can contain activity variances but not revenue or spending variances due to the increased complexity. 4. Performance reports with more than one cost driver typlcally have more accurate varlances than those based on one cost diver

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