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Difference between the master budget and the flexible budget

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Reference no: EM132067491

Is it TRUE or FALSE?

1. Using multiple measures of performance to evaluate an employee is one way to hold the employee accountable not only for the result of his/her actions but also for how the result was achieved.

2. Master budgets are based on one level of production while a flexible budget can be prepared for any production level within a relevant range.

3. For fixed manufacturing costs, the difference between the master budget and the flexible budget is equal to zero.

Reference no: EM132067491

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