Which of the following statements regarding static and flexible budgets is NOT true? a.Flexible budgets...
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Accounting
Which of the following statements regarding static and flexible budgets is NOT true?
a.Flexible budgets are more accurate and useful than static budgets.
b.The first step in constructing a flexible budget is to identify the relevant activity levels.
c.A flexible budget is, in effect, a series of static budgets for different levels of activity.
d.A hospital typically would use a static budget for hotel room expenses.
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