A static budget:
A)should be compared to actual costs to assess how well costs were controlled.
B)should be compared to a flexible budget to assess how well costs were controlled.
C)is valid for only one level of activity.
D)represents the best way to set spending targets for managers.

Question

Quizplus · Accepted Answer

A planning budget is prepared before the period begins and is valid for only the planned level of activity.

A Static Budget