(Solved): Which of the following statements is true? Comparing a static planning budget to actual costs is not ...

Which of the following statements is true? Comparing a static planning budget to actual costs is not a good way to assess whether variable costs are under control. The main difference between a fexible budget and a static budget is that the static budget is not adjusted for changes in the level of activity. Multiple Choice Only statement 1 is true. Only statement 2 is true. Both statements are true. Neither stotement is true.