Ma1. Which of the following statements is true?   A. Budget reports comparing actual results with planned objectives should be prepared only once a year   B. OA static budget is most useful for evaluating a manager's performance in controlling variable costs   C. The master budget is not used in the budgetary control process   D. OA static budget ignores data for different levels of activity

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A: Budget is the estimation of future data for the achievement of its goals and objectives.

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A:

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A: Budget reflects the estimated figures of revenues and expenses over a specified period of time

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