Can some check if I'm right? 1. Which of the following statements static budget is false? my answer is "C"
a. It is only valid for one level of activity.
b. It is appropriate for fixed costs.
c. It can be adjusted for different levels of activity.
d. It is not appropriate for variables cost.
2. which of the following statements regarding a flexible budget is false? my answer is "D"
a. It can be adjusted for any level of activity.
b. It is equivalent to a series of static budgets at a different activity level.
c. They can be prepared for each of the types of budgets included in the master budget.
d. It only includes variable costs.