Answer
A static planning budget is a budget created at the beginning of the budgeting period that is valid only for the planned level of activity.
Work Step by Step
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Managerial Accounting (15th Edition)
by Garrison, Ray; Noreen, Eric, Brewer, Peter
Published by
McGraw-Hill Education
ISBN 10:
007802563X
ISBN 13:
978-0-07802-563-1
Chapter 9 - Flexible Budgets and Performance Analysis - Questions - Page 410: 9-1
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